Fiat Reports Drop In Earnings, But Maserati Sales Are Booming…

By: | July 30th, 2014

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Fiat reported second-quarter earnings today, of which Maserati and Ferrari were the only real bright spots.

Overall, Fiat experienced a drop in year-over-year profits, but their luxury division excelled.

Bloomberg’s Francesca Cinelli wrote, “Fiat’s luxury division, which includes the Maserati and Ferrari brands, posted a 58 percent jump in earnings while deliveries almost tripled.”

Ferrari is performing about the same in the United States as last year, but Maserati sales have exploded by a whopping 329% year-over-year through June.

Maserati hopes to capture more of the U.S. market share moving forward as the company continues to expand its offering of vehicles.

Marshall Smith

Technology, engineering, and design enthusiast.

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