Big changes are happening under the hood at Maserati.
Traditionally, most Maseratis are powered by Ferrari-developed engines, as the Prancing Horse builds V6 and V8 engines for the Ghibli, Quattroporte, Levante, GranTurismo and GranCabrio models. This, however, is about to change. "Well, as you know, we have a contract. And as you know, Maserati has announced that at the end of that contract they will not renew it," Ferrari CEO Louis Camilleri said during the Q1 earnings call, transcribed by The Motley Fool.
"So, eventually, we will no longer supply engines to Maserati, which actually from our perspective is actually a good thing, both from a margin perspective, but also the fact that we can transfer a lot of the labor that's been focused on the engines to the car side of the business."
Freeing up resources makes sense, as Ferrari plans to add as many as 15 new cars by 2022. This includes the Purosangue SUV, which is expected to increase the automaker's annual production from 8,000 units to well over 10,000.
Camilleri added that Ferrari will stop building engines for Maserati in either 2021 or 2022. From then, the automaker will not be supplying engines to any other company. Maserati has used Ferrari engines in its models since 2002 and the partnership continues to this day. Currently, Maserati uses a 3.0-liter twin-turbo V6, 3.8-liter twin-turbo V8, and 4.7-liter naturally aspirated V8 power plants built by Ferrari.
By 2022, Maserati will have given its entire lineup a long overdue refresh, introducing new generations of the Ghibli, Quattroporte, and Levante, as well as adding all-new models including an SUV smaller than the Levante and the Alfieri sports car.
The entire Maserati lineup will also be electrified, with each model offering a plug-in hybrid powertrain option. It remains to be seen which company will supply engines to Maserati in the future, as Maserati's North American chief, Al Gardner, has confirmed Maserati will never go all-electric. Maserati could possibly still source engines from its parent company Fiat Chrysler Automobiles, or approach a new company.