Maserati

Maserati is a famous Italian manufacturer of racing cars and sports cars, established in 1914 in Bologna. The company's headquarters are now in Modena, and their emblem is a trident. Today, Maserati is owned directly by the Italian car giant Fiat, after having been a part of Ferrari (a company in which Fiat has a majority stake) for some years.

History

The company was founded by Alfieri Maserati, one of seven Maserati brothers, all but one of whom were involved in the development of cars. The seventh brother, Mario, an artist, is believed to have devised the company emblem. Alfieri Maserati died in 1932 but three other brothers, Bindo, Ernesto and Ettore, kept the firm going, and winning races.

Orsi ownership

In 1937 the remaining Maserati brothers sold their shares in the company to the Orsi family, who in 1940 relocated the company headquarters to their hometown of Modena, where it remains to this day. The brothers continued in engineering roles with the company, however. Racing successes continued, even against the giants of German racing, Auto Union and Mercedes. In 1940 a Maserati won the Indianapolis 500, a feat repeated the following year.

The war then intervened, Maserati abandoning cars to produce components for the Italian war effort.

Once peace was restored, Maserati returned to making cars, doing well in the post-war racing scene. The famous Argentinian driver Juan-Manuel Fangio raced for Maserati for a number of years in the 1950s, producing a number of stunning victories including winning the world championship in 1957. After that, Maserati retired from factory racing participation, though it built racing cars to be raced by others after that date.

After 1957, Maserati became more and more focussed on road cars, and introduced the 6-cylinder Maserati 3500 2+2 coupe designed by Touring and featuring an aluminum body over Touring's Superleggera structure. Next came the Maserati Sebring bodied by Vignale and launched in 1962, the Maserati Mistral Coupé (1963) and the Spider (1964), both designed by Pietro Frua, and their first four-door, the Maserati Quattroporte (1963), also designed by Pietro Frua. The two-seater Maserati Ghibli coupe was launched in 1967, followed by a convertible in 1969.

Citroën ownership

In 1968 came a great change - purchase by Citroën. Adolfo Orsi remained the nominal president, but Maserati changed a great deal. New models were launched, and built in much greater numbers than hitherto. Citroën borrowed Maserati expertise and engines for the Citroën SM and other vehicles, and Maseratis incorporated Citroën technology also, particularly in hydraulics.

New models included the Maserati Bora, the first mass-produced mid-engined Maserati, in 1971, and the Maserati Merak and Maserati Khamsin soon afterwards. The 1970s oil crises, however, put the brakes on this ambitious expansion - suddenly, the demand for fuel-thirsty sports cars shrank. On May 23, 1973, Citroën declared that Maserati was in liquidation. Propped up by Italian government funds, the company stayed alive, if barely.

De Tomaso

1975 saw the company back on its feet with Alessandro de Tomaso, an Argentinian former racing driver, the new managing director. De Tomaso had arranged for the Benelli motorcycle company, which he controlled, to buy Maserati from Citroën and install him as its head. New models were introduced in 1976, including the Maserati Kyalami and the Maserati Quattroporte III.

The 1980s saw the company largely abandoning the mid-engined sports car in favour of squarish, front-engined, rear-drive coupes, cheaper than before but with aggressive performance, like the Maserati Biturbo. Two new coupes, the Maserati Shamal and Maserati Ghibli II, were released in 1990 and 1992, respectively.

The company also worked closely with Chrysler, now headed by de Tomaso's friend Lee Iacocca. Chrysler purchased part of Maserati and the two jointly produced a car, the Chrysler TC by Maserati.

Fiat ownership

1993 saw the company acquired by Fiat. Substantial investments were made in Maserati, and it has since undergone something of a renaissance.

In 1999 a new chapter began in Maserati's history when the company launched the 3200 GT, the only "Fiat Maserati". This two-door coupé is powered by a 3.2 L twin-turbocharged V8 which produces 370 bhp (276 kW); the car does 0-60 mph in less than 5 seconds. Its top speed is an amazing 285 km/h (177 mph). Production of this car ceased in 2002.

Ferrari and Volkswagen

In 1997, Fiat sold a 50% share in the company to Maserati's long-time arch-rival Ferrari (though this was, and is, itself controlled by Fiat). In 1999 Ferrari took full control, making Maserati its performance and luxury division. A new factory was built, replacing the existing 1940s-vintage facility.

More recently, Maserati has signed an agreement with Volkswagen for the German company to share its Audi division's Quattro all-wheel-drive technology (originally meant for the still-born Maserati Kubang sport-utility vehicle concept) for Maserati's current Quattroporte platform. The agreement has been made on the condition that there will be no corporate espionage or reverse engineering, since Volkswagen owns two of Ferrari's direct rivals, Lamborghini and Bugatti.

Today

In 2005, as a consequence of the termination of the agreement between Fiat and General Motors under which GM may have been obliged to buy Fiat's car division, Maserati was separated from Ferrari and brought back under Fiat's full control. Fiat plans to create a sports and luxury division from Maserati and another of its marques, Alfa Romeo. GM had to pay Fiat around $2,000,000,000.

Maserati Future

Later this year Maserati in whole will be sold to Alessandro and Felix Benetton for a stagering amount of 2,600,000,000 and will be under sole management by the two brothers. Alessandro and Felix Benetton of United Colors of Benetton are the heirs to the worlds largest fashion fortune, and with nearly 21 billion each, they will become two of the worlds wealthiest men. With Maserati under there belt they believe they can expand the benetton horizon through automobiles and high end design.