Industry/Official

Maserati halts production to clear stocks

Maserati-Levante

Maserati has reportedly extended production stoppages over the holiday season to clear stocks. Production will be stopped at the Grugliasco and Mirafiori factories in Italy until mid-January, according to the FIOM and FIM unions.

The Grugliasco plant, which builds the Ghibli and Quattroporte sedans, will reopen Jan 15 after a 4-week shutdown that began Dec 15. Last year the factory was shut for 3 weeks over the Christmas and New Year holiday period.

Production of the Levante SUV at the Mirafiori plant will stop from Dec 20 to Jan 15. Last year, the line stopped for only one additional day beyond statutory holidays and weekends.

The Modena plant, which produces the GranTurismo and GranCabrio models, will reopen Jan 8 after halting production from Dec 15.

The Levante had demand earlier this year, but the sales are declining in China and sales in EU fell 4 percent in October and November, while U.S. volume dropped by 15 percent.

The company told unions that sales fell in China after authorities introduced new rules on relationships between dealers and carmakers. Among other changes, the new regulations ban automakers from imposing stock on dealerships.

According to JATO Dynamics, shipments of Levantes to China in October were 750 units, down 67 percent on 2016 but higher than in the July to September period.

Also Read: Maserati Quattroporte GTS launched in India at Rs 2.7 Crore

Source: Automotive News Europe

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