Maserati’s highly anticipated GranCabrio convertible, the brand’s first since 2019, is set to grace American roads this summer. This exciting news comes amidst Stellantis, the global automotive giant that encompasses Maserati, reporting a 12% revenue decline in the first quarter of 2023. While lower sales and foreign exchange effects contributed to this decline, Stellantis remains steadfast in its commitment to innovation. The company plans to introduce a remarkable 25 new models this year, including 18 battery-electric vehicles (BEVs), signaling a transformative shift towards electrification. Despite production adjustments and inventory management in anticipation of the upcoming product wave, Stellantis remains optimistic about the future. Chief Financial Officer Natalie Knight expressed confidence that the company has laid the groundwork for substantial growth and profitability in the latter half of the year. Like many players in the automotive industry, Stellantis is navigating the challenging landscape of supply chain disruptions and evolving consumer preferences while simultaneously embracing the transition to electric vehicles. The company has set ambitious targets, aiming for BEVs to constitute 100% of its European sales and 50% of its U.S. sales by the decade’s end. The readiness of charging infrastructure and consumer demand remain key factors in shaping the trajectory of this transition. This news story is ongoing and will be updated as more information becomes available.
Maserati GranCabrio Convertible to Arrive This Summer, Stellantis Revenue Declines
