Word: maseratis
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Dates: during 1950-1959
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...Argentino. Not until he was 38 did a manufacturer (Alfa Romeo) sign him up to race full time. In his second year under contract (1951), the phlegmatic Fangio won the world driving championship. He won it again four times in the next six years, driving for Alfa Romeo, Ferrari, Maserati and Mercedes-Benz. Twice he narrowly escaped death. In 1948 his car went off the road in the Grand Prix of South America, killing his partner. In 1952 he broke his neck in a race at Monza, Italy. But Fangio developed the delicate sense of touch that enabled...
...Maserati is an industrial concern of Modena, Italy, which has established an outstanding reputation as a manufacturer of precision tools and automobiles. Your statements that Maserati President Adolfo Orsi owed Credito Italiano, an Italian bank, $15,600, that he wrote a check with no funds to cover it and that the bank asked that he be declared bankrupt are untrue. So is your statement that Credito Italiano "sent the shamed Orsis into hiding"; we have been for many years and still are openly and actively engaged in the management of Maserati. No bankruptcy petition was ever instituted against Maserati...
...strengthen its financial position, Maserati has applied under Italian law for so-called "controlled management." Pursuant to this temporary proceeding we retain full management of Maserati, and the company continues normal operation without interruption. Facilities for the production of the luxury model Maserati Gran Turismo 3500 are operating at full capacity and are being expanded to meet increasing demands from all parts of the world; sales of the new car in the U.S. are developing rapidly...
President OMAR ORSI Executive Director Officine Alfieri Maserati S.p.A. Modena, Italy...
...TIME erred. Fortnight ago Maserati's creditors approved the controlled-man-agement plan, under which the company can get a moratorium on debts for a stated period and can revamp its credit structure through procedures similar to those used by U.S. corporations that are not insolvent...