Wednesday, September 11, 2013

Aston Martin


Aston Martin Lagonda Limited is a British manufacturer of luxury sports cars. It was founded in 1913 by Lionel Martin and Robert Bamford.
From 1994 until 2007, Aston Martin was a wholly owned subsidiary of the Ford Motor Company, becoming part of Ford's Premier Automotive Group when it was formed in 2000. In March 2007, a consortium of investors led by Prodrive boss David Richards purchased 90% of Aston Martin for £479 million, with Ford retaining a £40 million stake. In December 2012, the Italian private equity fund Investindustrial signed a deal to buy 37.5% of Aston Martin, investing £150 million as a capital increase.
Aston Martin was founded in 1913 by Lionel Martin and Robert Bamford. The two had joined forces as Bamford & Martin the previous year to sell cars made by Singer from premises in Callow Street, London where they also serviced GWK and Calthorpe vehicles. Martin raced specials at Aston Hill near Aston Clinton, and the pair decided to make their own vehicles. The first car to be named Aston Martin was created by Martin by fitting a four-cylinder Coventry-Simplex engine to the chassis of a 1908 Isotta-Fraschini.
They acquired premises at Henniker Place in Kensington and produced their first car in March 1915. Production could not start because of the outbreak of World War I, and Martin joined the Admiralty and Bamford the Royal Army Service Corps. All machinery was sold to the Sopwith Aviation Company.

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