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Maserati ECONOMIC

ECONOMIC AUDIT UPDATED 2026-06-16
Economic Score 0.86 /10 E Maserati - BDS-1000 136
Economic 0.86

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

Economic Audit: Maserati S.p.A.

Audit Phase: Economic Subject Entity: Maserati S.p.A. (a wholly-owned subsidiary of Stellantis N.V., Euronext/Borsa Italiana/NYSE: STLA) Registered Address: Viale Ciro Menotti 322, 41121 Modena, Italy Audit Date: June 2026 Evidence Base: Published corporate disclosures (Stellantis press releases and Annual Report/Form 20-F), Israeli government and innovation-authority statements, trade and business press, and importer/distributor records. All factual claims are drawn from primary or named secondary sources identified through live web research and recorded in the End Notes.

Supply Chain & Sourcing Relationships

Direct Supplier Relationships - Israeli Agricultural Aggregators

No public evidence identified that Maserati S.p.A. or its parent Stellantis N.V. maintains any commercial relationship with Israeli agricultural aggregators or exporters (e.g. Mehadrin, Hadiklaim, Galilee Export, or successors to Agrexco). Maserati is an automotive manufacturer whose inputs are vehicle components - metals, electronics, interior materials, and powertrain systems - and produce procurement falls outside its operational scope.1

Israeli Automotive-Technology Inputs and Partnerships

Stellantis maintains a documented technology-sourcing relationship with the Israeli automotive-tech sector that operates at group level and is not specific to the Maserati brand. In April 2021, FCA Italy S.p.A. (a Stellantis subsidiary) and the Israel Innovation Authority signed a Memorandum of Understanding to co-operate on technological innovation, under which Stellantis committed to support Israeli start-ups’ scaling-up, R&D, and global activities, with initial focus areas of driving assistance, cybersecurity, and “Industry 4.0”; Stellantis stated it had already evaluated more than 30 Israeli start-ups and begun proof-of-concept projects.234

The Israeli sensor company Vayyar Imaging is named by Stellantis as an innovation partner: in Stellantis’s December 2023 Venture Awards, Vayyar (described as Israel-based) was recognised among 11 honoured start-ups for its 4D imaging radar platform for in-cabin monitoring, classified by Stellantis as a partnership rather than a Stellantis Ventures equity investment.5 Maserati is referenced in these disclosures only as one of Stellantis’s portfolio brands, not as a named counterparty to any specific Israeli supplier.25 No public evidence identifies an Israeli or settlement-based supplier as a tier-1 component vendor to a specific Maserati vehicle programme.

Importer of Record Structure

Maserati does not operate as an importer of record for goods originating in Israel or the Occupied Palestinian Territory; as a manufacturer it exports finished vehicles outward from Italian plants.6 No wholly-owned subsidiary, joint venture, or dedicated import entity for Israeli-origin or settlement-origin goods has been identified in any reviewed disclosure.7

Seasonal Sourcing Patterns

No public evidence identified. Maserati’s procurement is structured around automotive component lead times and platform cycles, not agricultural seasons.

Third-Party & Indirect Sourcing

No public evidence identified of Israeli-origin or settlement-origin inputs reaching Maserati’s manufacturing operations via third-party distributors or white-label arrangements. Stellantis’s group sourcing disclosures do not enumerate Israeli-origin sub-components at tier-2 or tier-3 level, and the completeness of that mapping at depth remains an evidence gap.7

EV Battery Supply Chain

Maserati’s first fully electric model, the GranTurismo Folgore, is reported in trade press to use a battery pack with cells sourced from LG (Polish manufacture), with Stellantis’s group battery joint venture Automotive Cells Company (ACC) - 45% Stellantis, 30% Mercedes-Benz, 25% Saft/TotalEnergies - operating cell production in France.89 No Israeli-linked battery cell manufacturer or battery-management supplier has been identified in any disclosure relating to the Folgore programme.89

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products

No public evidence identified. Maserati has not been cited in any reviewed NGO investigation in connection with settlement-origin goods, and no DEFRA labelling action, EU customs enforcement notice, or consumer-protection advisory relating to Maserati and West Bank or occupied-territory origin was identified. Maserati does not trade in food or agricultural categories subject to produce country-of-origin labelling regimes.16

Labeling Compliance - Automotive Vehicles

Maserati vehicles are sold as manufactured in Italy across its Modena, Cassino, and Turin (Mirafiori) sites; the company’s stated production footprint is entirely Italy-based.610 Automotive vehicles are subject to type-approval, emissions certification, and vehicle-identification requirements rather than the produce country-of-origin frameworks applicable to West Bank goods. No enforcement action or government advisory relating to Maserati and settlement-origin labelling has been identified in any jurisdiction.610

Corporate Policy on Contested-Territory Sourcing

No public evidence identified of a Maserati- or Stellantis-specific corporate policy addressing the sourcing or labelling of goods from occupied or contested territories. Stellantis publishes group-level human-rights and responsible-sourcing commitments framed around conflict minerals and forced labour, but no reviewed disclosure contains a provision specific to West Bank or settlement origin.7

Investment, Capital & Financial Exposure

Foreign Direct Investment - Israel & OPT

No public evidence identified of Maserati S.p.A. holding direct capital investments - acquisitions, factories, real estate, or logistics infrastructure - within Israel or the Occupied Palestinian Territory. Maserati’s manufacturing and investment footprint is entirely Italy-based (Modena, Cassino, Mirafiori/Turin).610

R&D, Innovation Partnerships & Venture Activity

At parent level, Stellantis (via FCA Italy) committed under the April 2021 Israel Innovation Authority MoU to support Israeli start-ups’ R&D and to contribute matching support, personnel, equipment, or strategic consultation alongside Israel Innovation Authority funding; no specific monetary figure or Israel-based Stellantis facility was disclosed in the MoU announcements.234 An earlier (February 2015) non-binding MoU linked FCA, Iveco, and Magneti Marelli with Israel’s Fuel Choices Initiative, run through the Israeli Prime Minister’s Office, to co-operate on natural-gas vehicle technology and a broader R&D programme involving Israeli companies.11 Stellantis names Israel-based Vayyar Imaging as an innovation partner (2023 Venture Awards).5 No public evidence identifies a Maserati-brand-specific investment, equity stake, or R&D facility in Israel; the documented ties are Stellantis group-level.2511

Parent & Beneficial Ownership Flows

Maserati S.p.A. is a wholly-owned subsidiary of Stellantis N.V., a publicly listed company domiciled in the Netherlands.127 Per Stellantis’s 2024 Annual Report/Form 20-F, the largest anchor shareholders are Exor N.V. (the Agnelli family holding company, c. 23.89% of issued shares), Établissements Peugeot Frères / Peugeot Invest (c. 11.92%), and Bpifrance Participations (c. 10.24%, a French state-linked investment vehicle).7 These are diversified holding/investment vehicles; their stakes in Stellantis do not constitute a specific beneficial-ownership link between Maserati and the Israeli economy. Institutional index-fund holdings of Stellantis stock by global asset managers likewise reflect standard portfolio exposure rather than a specific link.

Portfolio and Treasury Exposure

No public evidence identified of Maserati S.p.A. or Stellantis N.V. holding Israeli sovereign bonds, Israeli-domiciled equities, or Israel-focused investment funds as disclosed treasury or portfolio assets in reviewed filings.7

Operational Presence & Market Activity

Physical Footprint

No public evidence identified of Maserati directly owning or operating manufacturing plants, offices, or company-owned retail in Israel or the Occupied Palestinian Territory. Maserati’s vehicles are distributed in the Israeli market through an independent national importer, Samelet (Mediterranean Car Agency, founded 1946, owned by the Levi family), which acquired full ownership of Auto Italia - the Ferrari and Maserati importer to Israel - in 2019, having taken partial ownership in 2014.131415 The Maserati brand dealership/showroom associated with this importer operates in Herzliya, within Israel’s pre-1967 boundaries.1615 No Maserati or Samelet retail location in the occupied West Bank, East Jerusalem, or Gaza was identified in reviewed sources.1615

Employment and Tax Contribution in Israel

No public evidence identified of Maserati directly employing staff or maintaining a registered tax entity in Israel. Under the independent-importer model, local employment, dealership operation, and tax obligations are borne by Samelet rather than by Maserati S.p.A.1315

Market Positioning

Maserati’s presence in the Israeli market is an importer-distributor relationship typical of its global luxury-automotive distribution; reviewed Stellantis and Maserati disclosures do not single out Israel as a strategic growth market or regional hub. Samelet describes itself as a leading multi-brand importer holding a substantial share of the Israeli automotive market across roughly a dozen marques including Maserati.1315

Corporate Structure & Foundational Ties

Founding and Incorporation History

Maserati was founded in 1914 in Bologna, Italy, by the Maserati brothers and has continuously operated as an Italian company; it has no Israeli founding, incorporation, or operational origin.1 The State of Israel did not exist at the company’s founding.

Maserati S.p.A. is headquartered in Modena, Italy. Its parent, Stellantis N.V., is incorporated in the Netherlands with operational headquarters across Europe and the Americas.1127 No dual headquarters arrangement, Israeli domicile, or registered office in Israel is identified in any reviewed source.7

State and Institutional Linkages

No public evidence identified of Israeli state ownership, Israeli government-appointed directors, or Israeli critical-national-infrastructure designation in relation to Maserati or Stellantis. The documented Israeli-state-adjacent linkages are co-operation frameworks (the Israel Innovation Authority MoU of 2021 and the Prime Minister’s Office Fuel Choices Initiative MoU of 2015), which are partnership/innovation agreements at the Stellantis/FCA group level rather than shareholding or governance ties to Maserati.2411

Governance Structure

No public evidence identified of golden shares, founder shares, or charter mechanisms structurally tying Maserati’s mission to the Israeli state. Stellantis operates under a standard dual-class loyalty-voting structure giving long-term holders (notably Exor) enhanced voting rights; this is a corporate-control feature unrelated to Israel.7

Profit Repatriation & Economic Contribution

Revenue Attribution

Neither Maserati nor Stellantis publicly discloses disaggregated revenue for Israel as a distinct reporting geography; Maserati-brand and group results are reported on a worldwide/regional basis.7 Under the independent-importer model, Maserati’s Israeli-market revenue is recognised as wholesale vehicle sales to the importer (Samelet) rather than as direct in-market retail revenue, and no Israel-specific figure is published.13715

Direction of Profit Flows

The structural logic of the importer model directs trade revenue from the Israeli market toward Maserati’s Italian operations and the Stellantis group (importer purchases vehicles from the manufacturer), rather than Maserati injecting operating capital into the Israeli economy.1315 Separately, Stellantis’s innovation engagements (Israel Innovation Authority MoU; Vayyar partnership; 2015 Fuel Choices MoU) represent group-level support and collaboration flows toward the Israeli technology sector, with no disclosed monetary quantum.2511

Economic Ecosystem Role

No public evidence identified of Israeli government assessments or industry bodies designating Maserati as a key employer, sector anchor, or critical-infrastructure provider within the Israeli economy. Maserati’s direct economic footprint in Israel is limited to luxury-vehicle import volumes handled by an independent local distributor.1315

Evidence gap: Neither Maserati nor Stellantis discloses Israel-specific vehicle sales revenue or the monetary value of the Stellantis-Israel innovation partnerships, so the quantum of any economic flow to or from the Israeli economy cannot be determined from available public evidence.

End Notes

Footnotes

  1. https://en.wikipedia.org/wiki/Maserati ↩ ↩2 ↩3 ↩4

  2. https://www.media.stellantis.com/em-en/corporate-communications/press/stellantis-and-israel-innovation-authority-announce-the-signing-of-a-memorandum-of-understanding ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  3. https://www.calcalistech.com/ctech/articles/0,7340,L-3903561,00.html ↩ ↩2

  4. https://ambtelaviv.esteri.it/en/news/dall_ambasciata/2021/04/firma-dell-accordo-tra-stellantis-2/ ↩ ↩2 ↩3

  5. https://www.stellantis.com/en/news/press-releases/2023/december/stellantis-celebrates-11-top-performing-startups-and-innovation-partners-with-2023-venture-awards ↩ ↩2 ↩3 ↩4 ↩5

  6. https://www.maserati.com/global/en/news/2025-maserati-granturismo-grancabrio-production-back-to-modena ↩ ↩2 ↩3 ↩4 ↩5

  7. https://www.stellantis.com/content/dam/stellantis-corporate/investors/financial-reports/Stellantis-NV-20241231-Annual-Report-and-Form-20-F.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  8. https://www.greencarreports.com/news/1140856_maserati-charges-up-for-its-first-ev-the-granturismo-folgore ↩ ↩2

  9. https://www.stellantis.com/en/news/press-releases/2023/may/stellantis-electrification-transition-in-full-swing-with-first-acc-battery-gigafactory-inaugurated-in-france ↩ ↩2

  10. https://www.just-auto.com/news/stellantis-maserati-modena-italy/ ↩ ↩2 ↩3

  11. https://www.media.stellantis.com/em-en/fca-archive/press/fiat-chrysler-automobiles-iveco-magneti-marelli-and-israel-s-fuel-choices-initiative-form-partnership-to-develop-innovative-natural-gas-technology-and-vehicles ↩ ↩2 ↩3 ↩4

  12. https://bstrategyhub.com/who-owns-maserati/ ↩ ↩2

  13. https://en.wikipedia.org/wiki/Samelet ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  14. https://samelet.com/en/about/ ↩

  15. https://www.bdicode.co.il/en/company/mediterranean-car-agency-en/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  16. https://www.facebook.com/maseratiherzeliya/ ↩ ↩2