Word: fangio
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...year-old blond giant, at the wheel of a Ferrari, had to come from behind in the second half of the 402.906 kilometer race to edge Moss by a single point for the throne abdicated by Argentina's famed Juan Manuel Fangio...
...power axis is shifting. For years, daring, lead-footed Italians bestrode the field until fiery death picked them off one by one, from Ascari to Musso. Spain's dashing Alfonso de Portago was killed in 1957, and Argentina's five-time world champion, aging (47) Juan Manuel Fangio, announced this summer that he is retiring. Today, dominance in racing belongs to the British, especially to flaxen-haired, temperamental Mike Hawthorn, 29, and balding, easygoing Stirling Moss, 28. The two are battling head-to-head for the world driving championship...
...management of Maserati. No bankruptcy petition was ever instituted against Maserati or us; none of the company's assets have been impounded, and the Argentine and Spanish governments have lived up to their engagements towards Maserati. We have never offered an interest in Maserati to Juan Manuel Fangio, the famous Argentine driver, and we continue in active control of the company...
Argentine Dictator Juan Peron, a racing bug and sponsor of Driver Fangio, got so enthusiastic about Maserati racers in 1954 that he handed Adolfo Orsi a $3,000,000 machine-tool order to help speed Argentine industrialization. In turn, Adolfo enthusiastically allowed Peron three years to pay. A year later, when Peron was ousted, Argentina had paid only a fraction of its bill, all in wheat to the Italian government, which has yet to convert it into cash for Maserati. To top it off, Adolfo took on another $437,500 machine-tool order from the Spanish government-which has also...
...save Maserati without wrecking their remaining businesses, which are independently solvent (annual sales: $2,000,000), the Orsis offered Driver Fangio a 50% share in Maserati for $625,000. Fangio, who has a thriving G.M. distributorship in Buenos Aires, could raise only half the necessary funds. That left Maserati at the mercy of the state-owned Credito Italiano, which had the right to turn the firm over to the government. Last week the plant was still running-but for the government and without the Orsis...