Aston Martin

Aston Martin Lagonda Ltd. is a British luxury car manufacturer based in Newport Pagnell, Buckinghamshire. Up to the year 2003, approximately 20,200 cars had been built by Aston Martin. Today, the company is part of the Premier Automotive Group division of Ford Motor Company. more...

History

Aston Martin was founded in 1914 by Lionel Martin and Robert Bamford. The two had joined forces the previous year to sell cars made by Singer. Martin raced specials at the Aston Hill Hillclimb near Aston Clinton, and the pair decided to make their own vehicles. They acquired premises at Abingdon Road in Kensington and produced their first car in March 1915.

The company name was derived from Aston Hill and Lionel Martin.

After the war hiatus, the company was revitalised with funding from Count Louis Zborowski. In 1922, Aston Martin produced cars to compete in the French Grand Prix, and the cars set world speed and endurance records at Brooklands. Lionel Martin left in 1925; the following year, a number of rich investors, including Lord Charnwood, took control of the company as Aston Martin Motors, and moved the firm to new premises in Feltham. The 1929 Aston Martin International was another successful racer and was followed by the Le Mans and the Ulster. In 1936, the company, now owned by Sir Arthur Sutherland, decided to concentrate on road cars. The advent of World War II halted work, and the company languished throughout the war's duration.

In 1947, David Brown Limited bought the company under the leadership of managing director Sir David Brown — its "post-war saviour". David Brown also acquired Lagonda that year, and both companies shared resources and workshops. In 1954, David Brown bought the site at Tickford Street in Newport Pagnell, and that was the beginning of the classic series of cars bearing the initials 'DB'. In 1950, the company announced the DB2, followed by the racing DB3 in 1957 and the Italian-styled 3.7 L DB4 in 1958. All the cars established a good racing pedigree for the firm, but the DB4 was the key to establishing the company's reputation—which was cemented with the famous DB5 in 1963. The company continued developing the "grand touring" style with the DB6 (1965–70, the DBS, and the DBS V8 (1967–72). The latter was subsequently renamed the Vantage.

Despite the cars' appreciation in value, the company was often financially troubled. In 1972, it was sold to a Birmingham-based consortium, and resold in 1975 to the North American businessmen Peter Sprague and George Minden. The new American owners pushed the company into modernizing its line, producing the V8 Vantage in 1977, the convertible Volante in 1978, and the one-off William Towns-styled Bulldog in 1980. Towns also styled the futuristic new Lagonda saloon, based on the existing V8 model. The Americans sold the company to CH Industrial, who themselves turned the company over in 1983 to Automotive Investments who, in turn, lasted barely a year before selling the company to Peter Livanos and company chairman Victor Gauntlett. At last, in 1986, the Ford Motor Company purchased 75 per cent of the company, later gaining complete control of the company.

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