Investing.com -- Stellantis (LON:0QXR) NV (NYSE:STLA), the multinational automaker, has plans to transfer the production of Maserati vehicles to one of its least utilized facilities. This move is part of Chairman John Elkann’s ongoing efforts to improve relations with the Italian government, sources told Bloomberg News.
The production of Maserati’s high-end models, such as the GranTurismo and GranCabrio, will shift from the Turin facility to the smaller Modena site. This change is part of a larger strategy to transform the Modena location into a hub for the production of these luxury models.
To compensate for the production loss at the Turin site, Stellantis plans to ramp up the manufacturing of hybrid Fiat (BIT:STLAM) 500s. The increase in Fiat 500 output is expected to more than offset the reduced production at the Turin facility, according to the same sources.
Additional information regarding this shift in production is anticipated to be disclosed in the days leading up to March 19, 2025. On this date, Chairman Elkann is scheduled to address the Italian parliament in Rome.
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