When automakers get successful enough under a parent company, often times they’ll spin off into their own. Recent notable examples include Ferrari branching off from Fiat, Porsche from the VW Group, and Polestar from Volvo. Now, there’s a chance, who spoke with Richard Palmer, CFO of Maserati’s parent company Stellantis. According to Palmer, if the Italian automaker can turn enough of a profit in the coming years, they could potentially be set free to operate independently.
On one hand, Maserati’s recent track record of overpriced, underbuilt vehicles seems to suggest that they’ll have trouble pulling off such a stunt, but they’ve actually been on somewhat of an upswing lately, at least from a financial standpoint. In 2021, global sales rose by 41 percent to 24,300 vehicles, revenue increased 47 percent to over €2 billion, and operating profit was €103 million compared to a loss of €91 million the year before.