Pursuits
Maserati Boom Stalls as Output Cuts Expose Fiat's Luxury Limits
- Maserati to shut production for six weeks in next two months
- Fiat CEO: Maserati needs to `take a breath' before SUV launch
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Maserati is deepening production cuts as a boom prompted by the more affordable Ghibli sedan fades, raising questions about ambitions at parent Fiat Chrysler Automobiles NV to expand in the luxury-car segment.
Maserati, known for cars like the $99,900 Quattroporte sedan, will halt production for six weeks in the next two months, including four consecutive weeks from Dec. 14, according to unions at luxury unit’s main plant in Grugliasco in northern Italy. About 2,000 workers at the site will be put on temporary furloughs for most of the days and will have a longer than usual Christmas break. The move, announced to unions on Oct. 23, follows a more limited cut in output in September. Maserati declined to comment.