Matra
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| Industry | Automotive |
|---|---|
| Founded | 1964 |
| Defunct | 2003 |
| Headquarters | Romorantin-Lanthenay, France |
| Products | Sports cars |
| Website | www |
Mécanique Aviation Traction or Matra (Mécanique Aviation TRAction) was a French company covering a wide range of activities mainly related to automobiles, bicycles, aeronautics and weaponry. In 1994, it became a subsidiary of the Lagardère Group and now operates under that name.
Matra was owned by the Floirat family. The name Matra became famous in the 1960s when it went into car production by buying Automobiles René Bonnet. Matra Automobiles produced racing cars and sports cars, and was successful in racing.
By merging with various companies Matra CEO Jean-Luc Lagardère built a group around Matra diversified in media, weaponry, state of the art technology, aeronautics and formerly in automobiles and records production and distribution. Matra was privatized in 1988, with Lagardère holding 6% of the stock and by 1992 25%.
In 1992 the Lagardère Group was radically restructured; acquiring more shares in Matra from Floirat, Daimler Benz and GEC, and Hachette from Floirat, Crédit Lyonnais and Aberly. Lagardère merged Matra and Hachette to form Matra Hachette, of which Lagardère Group held 37.6%. Following a share swap in 1994 Lagardère held 93.3% of Matra Hachette's stock. In 1996 Matra Hachette was formally merged into Lagardère.
Matra Hautes Technologies (Matra High Technology) or MHT was the defence arm of Matra. The company was involved in aerospace, defence and telecommunications. In February 1999 Matra Hautes Technologies merged with Aérospatiale to form Aérospatiale-Matra. On July 10, 2000 Aérospatiale-Matra became part of EADS.
The company was created following the acquisition of the brand Automobiles René Bonnet in 1964 by Jean-Luc Lagardere and disappeared in 2003.
The Matra name was first used for road cars with the Renault-powered Matra Djet (pronounced "Jet"), which was an update of the Bonnet Jet, the Djet was replaced with the Matra 530, Bagheera, the Murena and the Rancho, an early type of SUV.
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