Antonio Filosa revealed that Stellantis is currently negotiating with “two important partners” that could bring “technology, development and excellent ideas” to Maserati.
- The comments come as recurring rumors have circulated about a possible sale of Maserati, including recent speculation of interest from Chinese automakers such as BYD.
- Maserati has long been one of Stellantis’ more troubled brands, facing declining sales.
- The company has not disclosed timelines for a decision or further details about the potential partners.
Stellantis (STLA) Chief Executive Antonio Filosa on Wednesday reportedly rejected speculation that the company is looking to sell its ailing luxury brand Maserati, while disclosing that the automaker is in talks with two potential partners to help shape its future.
Shares of the company fell 3% on Wednesday but edged up 1.5% after hours.
STLA CEO Says Maserati Is Not For Sale
“Maserati is not for sale, for sure, Cassino is not for sale, for sure,” Filosa said, according to a report in Bloomberg. He added that any future arrangements at the Cassino plant — which produces both Maserati and Alfa Romeo vehicles — would involve “partnerships for cooperation and development,” similar to arrangements already in place at other Stellantis facilities. The CEO was reportedly speaking to Italian lawmakers at a parliamentary hearing in Rome.
Filosa revealed that Stellantis is currently negotiating with “two important partners” that could bring “technology, development and excellent ideas” to Maserati. “We’re deciding with which one to work in the future,” he told lawmakers, without naming the parties involved.
The comments come as recurring rumors have circulated about a possible sale of Maserati, including recent speculation of interest from Chinese automakers such as BYD.
Maserati’s Ongoing Challenges
Maserati has long been one of Stellantis’ more troubled brands, facing declining sales and underutilized production capacity at the Cassino plant in central Italy. The luxury marque, known for models such as the Grecale SUV and MC20 supercar, is the group’s sole premium offering and has struggled to regain momentum in a competitive luxury segment.
Filosa, who became CEO about a year ago, has emphasized partnerships across Stellantis’ Italian operations as a way to bring in new technology and investment without divesting assets. The company has not disclosed timelines for a decision or further details about the potential partners.
How Did STLA Retail Traders React?
On Stocktwits, retail sentiment around STLA stock stayed within the ‘bullish’ territory over the past 24 hours, while message volume stayed at ‘high’ levels.
STLA stock has fallen 43% this year.
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