In 1968, Maserati was taken over by the French car manufacturer, Citroën. Adolfo Orsi remained the nominal president, but Maserati changed a great deal. New models were launched, and built in much greater numbers than before. Citroën borrowed Maserati expertise and engines for the Citroën SM and other vehicles, and Maseratis also incorporated Citroën technology, particularly in hydraulics.
New models included the Maserati Indy 1969 a grand turismo designed by Vignale and the Maserati Bora, the first mass-produced mid-engined Maserati, in 1971, and the Maserati Merak and Maserati Khamsin soon afterwards; the Maserati Quattroporte II, which shared some parts with Citroën SM, never came into production, although seven were made to special order. The 1973 oil crisis, however, put the brakes on this ambitious expansion when the demand for fuel-hungry sports cars shrank. Citroën went bankrupt in 1974 and on 23 May 1975, the new controlling group PSA Peugeot Citroën declared that Maserati was also in administration.[5] Propped up by Italian government funds (GEPI, Societa di Gestioni e Partecipazioni Industriali dello Stato Italiano), the company was kept in business.
The Maserati engine and its associated gearbox have been used in other vehicles such as Special Rally prepared Citroën DS, as used by Bob Neyret in Bandama Rally or in the Ligier JS 2.
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