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, Maserati Quattroporte II which shared some parts with Citroën SM never came into production. The 1970s oil crises, however, put the brakes on this ambitious expansion - suddenly, the demand for fuel-thirsty sports cars shrank. Citroën went bankrupt in 1974 and on May 23, 1975, the new controlling group PSA Peugeot Citroën declared that Maserati also 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.
There was also two further very challenging projects: the Chubasco - a V8 midengine supercar - unfortunately due to lack of funding stillborn. The Barchetta made it to a racing model, 16 units produced plus 2 prototypes. It featured a midengine V6 biturbo engine 2 L, a central frame and a very light plastic body spyder, accelerating the car to about 180 mph. The racing series Grantrofeo Barchetta was held 1992 and 1993. The development of a road version was stopped at a late stage and today some cars hold a road title in Europe. The cental-frame concept was survived on the De Tomaso Guara but the frame of DeTomaso Guarà resulted around 13 cm. shorter because it was engined by a longer 8V. Even a replica have been built by Mr. Neri in Italy commissioned by a collector from Germany Mr. Seidl, who sold it an important sport-cars collector in Japan.
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 hp (276 kW); the car does 0-60 mph in less than 5 seconds. Its top speed is an amazing 285 km/h (177 mph). With the addition of a Ferrari-designed and -built V-8 and automated manual transmission for the 2002 model year, this car continues to be produced today as the Coupé (hardtop) and Spyder (convertible model).
Ferrari
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 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.
Meanwhile two new models have been shown to the public: the MC12 road supersports and successful GT racer with a Ferrari Enzo derived chassis and engine. And the Quattroporte, a high luxury saloon with the 4l V8 engine. Maserati is nowadays back in the business, very successfully selling on a global basis.
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 sold 2,006 cars in the United States for all of 2005. |