Aston Martin More sub catagories: 2-Litre Sports (DB1) DB2 DB2/4 DB3 DB4 DB5 DB6 DBS Vantage 4 litre

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 World War I, and Martin joined the Admiralty and Bamford the Royal Army Service Corps. All machinery was sold to the Sopwith Aviation Company.

After the war the company was refounded at Abingdon Road, Kensington and a new car designed to carry the Aston-Martin name. Bamford left in 1920 and the company was revitalised with funding from Count Louis Zborowski. In 1922, Bamford & Martin produced cars to compete in the French Grand Prix, and the cars set world speed and endurance records at Brooklands. The company went bankrupt in 1924 and was bought by Lady Charnwood, who put her son John Benson on the board. The company failed again in 1925 and the factory closed in 1926, with Lionel Martin leaving.

Later that year, a number of rich investors, including Lady Charnwood, took control of the company and renamed it Aston Martin Motors, and moved it to the former Citroën plant in Feltham. Benson brought in Augusto Bertelli as designer. The 1929 Aston Martin International was a successful racer and was followed by the Le Mans and the Ulster. Financial problems reappeared in 1932 and the company was rescued by L. Prideaux Brune who funded it for the following year before passing the company on to Sir Arthur Sutherland. In 1936, the company decided to concentrate on road cars. Car production had always been on a small scale and until the advent of World War II halted work only about 700 had been made. During the war years aircraft components were made.

The David Brown era

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 1955, David Brown bought the Tickford coachbuilding company and its 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 by 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).

Changing ownership

Despite the cars' appreciation in value, the company was often financially troubled. In 1972, it was sold to a Birmingham-based consortium, owned by William Willson, (MBE), and resold in 1975 to North American businessmen Peter Sprague and George Minden. The new 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 V8 model.

In 1980 Aston-Martin had plans, which did not materialize, to buy MG, which they would have utilized as a sister marque, probably building smaller sports cars. Ideas were plotted to design a new model and they revealed to the press their approach to an 'updated' '1981' model MGB.

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. In 1987, the Ford Motor Company purchased 75% of the company, later gaining full ownership.

In 1988, having produced some 5,000 cars in 20 years, the company finally retired the ancient V8 and introduced the Virage range. In 1992, the Vantage version was announced, and the following year the company renewed the DB range by announcing the DB7.

The Ford era

In 1993, Ford bought Victor Gauntlett's shares and took full control of the firm, placing it in the Premier Automotive Group. Ford substantially invested in new manufacturing and quickly ramped-up production. In 1994, Ford opened a new factory at Banbury Road in Bloxham. In 1995, the company produced a record 700 vehicles, in 1998 the 2,000th DB7 was built, and in 2002 the 6,000th, exceeding production of all previous DB models. The DB7 range was boosted by the addition of V12 Vantage models in 1999, and in 2001 the company introduced the V12-engine Vanquish.

At the North American International Auto Show in Detroit, Michigan in 2003, Aston Martin introduced the AMV8 Vantage concept car. Expected to have few changes before its introduction in 2005, the Vantage brings back the classic V8 engine and will allow the company to compete in a larger market. 2003 also saw the opening of the Gaydon factory, the first purpose-built factory in Aston Martin's history. Also introduced in 2003 was the DB9 coupé, which replaced the ten-year-old DB7. A convertible version of the DB9, the DB9 Volante, was introduced at the 2004 Detroit Auto Show. In 2006, the V8 Vantage sports car entered production at the Gaydon factory, joining the DB9 and DB9 Volante.

In December 2003 Aston Martin announced it would return to motor racing in 2005. A new division was created, called Aston Martin Racing, which became responsible, together with Prodrive, for the design, development, and management of the DBR9 program. The DBR9 competes in the GT class in sports car races, including the world-famous 24 hours of Le Mans.

Ford Auction

In light of mounting financial pressure, and after internal review of costs and value, Ford decided to look at selling parts of its Premium Automotive Group. After suggestions of selling Jaguar Cars, Land Rover or Volvo Cars, Ford appointed UBS AG to sell Aston Martin by auction. At the end of August 2006, Ford announced that it would be willing to sell all or part of Aston Martin. Bill Ford said: "As part of our on going strategic review, we have determined that Aston Martin may be an attractive opportunity to raise capital and generate value".

The first round of the auction closed on 30 November 2006. One of the four survivors was Syrian-born billionaire Simon Halabi, while the Australian bid included James Packer, Australia's richest man. The German auto newspaper Autobild reported on 2 February 2007 that the luxury goods conglomerate LVMH had bought the company for an undisclosed sum. The paper cited "Anonymous, but well-placed sources" with the information. It was later reported by Autocar magazine that LVMH had denied the news as "rubbish".

On 12 March 2007 a consortium led by Prodrive chairman David Richards purchased Aston Martin for £475m/USD$848m. Prodrive has no financial involvement in the deal. Ford will keep a stake in the company (valued at GBP 40 million / USD 70 million). The consortium also consisted of John Sinders, an Aston Martin collector; and two Kuwait investment companies, Investment Dar and Adeem Investment Co.