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Maserati Had Rough Q2
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10 Aug 2018 08:31 AM EST

MILAN — Mike Manley, who last month succeeded the late Sergio Marchionne as CEO of Fiat Chrysler Automobiles, said the company will restore sales growth and profitability at its Maserati brand after a disappointing second quarter. "I have confidence in the Maserati team to make up whatever the shortfall that they have had today saleswise," Manley said. Maserati shipments in the second quarter fell 41 percent compared with the same period of 2017, mainly because of a 69 percent plunge in China shipments. Deliveries also declined in other areas, with shipments to the North America down 22 percent and deliveries to Europe, the Middle East and Africa down 23 percent.

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