Maserati S.p.A. (Maserati) is an Italian automobile brand established in 1913 and incorporated in 1914, as a workshop mainly for Isotta Fraschini cars. Maserati set up a sideline factory producing spark plugs after developing and greatly improving the spark plug during World War I when assembling aircraft engines.
Maserati raced and designed cars for Diatto, a former Italian car brand, from 1922-25. Maserati built its first car on a Diatto 30 Sport chassis, the Tipo 26, under the Maserati brand in 1926. The Tipo 26 was named after the year of its race debut. In 1929 a Maserati V4 with a 16 cylinder engine set a world record by having an average speed over 10 kilometers (6 miles) of 246 km/h (154 mph).
Adolfo Orsi, an Italian entrepreneur aquired Maserati in 1937. Pre and post-World War II Maserati's main objective was designing, building and racing cars. The death of 10 spectators, the driver and the navigator of the Ferrari 355S ended both the Mille Miglia car race and the racing for Maserati in 1957.
With the launch of the 3500 GT in 1958 the premier objective became production cars, but Maserati was still designing and building engines and race cars for private racing teams. Citroën acquired Maserati in 1968 and both brands cross shared technology. After Citroën went bankrupt in 1974, De Tomaso bought Maserati in 1975. Fiat, the current owner, acquired Maserati in 1993.