Maserati Reports First Profits In 17-Years!

Maserati put an end to its 17-year streak of financial losses as the Italian sports car maker reported a €1 million trading profit in the second quarter of the year, up from €7 million loss during the same period last year. Notably, it’s the first time that “mama” Fiat has seen the words “profit” and “Maserati” in the same sentence since they fully acquired the Bologna based sports car maker back in 1990. In the first half of the year, Maserati managed to break even, a striking improvement from last year’s period were the Italians reported a €26 million loss.

Thanks to the addition of the all-new GranTurismo coupe along with the arrival of the new automatic transmission in the Quattroporte which has already helped boost the luxury sedan’s European sales by 39.6 percent to 783 units throughout the first five months of the year, Maserati expects that it will manage even better in the second half of 2007.

Via: ANE