Saturday 4th July 1998
Peter Monteverdi (64), the Swiss automaker and creator of the automobile brand Monteverdi, died.
Peter Monteverdi was born in Binningen, in the northern Swiss canton of Basel-Landschaft. He engaged in the construction of Formula One cars from the late 1950s to the early 1960s. In 1961, he built the first Swiss Formula One car, which bore the name MBM (Monteverdi Basel Motoren). He made a single Formula One appearance at the 1961 Solitude Grand Prix, where he retired after two laps, and subsequently withdrew his entry for the German Grand Prix having been injured in a prior race. He subsequently retired from race driving. In 1989 Monteverdi bought the Onyx Formula One team after its original backer ran into financial difficulties. The team’s best result was when Stefan Johansson finished in third place at the 1989 Portuguese Grand Prix. However, the involvement proved unsustainable and was terminated during the following season. A legacy was the Monteverdi Hai 650 F1 sportscar, of which supposedly six copies were sold until 1994.
Monteverdi died from cancer in his apartment directly above his own car-assembly workshop.