Matra (Mechanique-Aviation-TRAction) had aeronautical contracts during the Second World War and took the name MATRA in 1942. Rene Bonnet had partnered Charles Deutsch in Automobiles DB (Deutsch et Bonnet). When Bonnet wanted to use Renault engines instead of Panhard, he set up on his own to produced the mid-engined Bonnet Djet using a Renault 1,108cc engine from 1962. Jean-Luc Lagardere bought Automobiles René Bonnet in 1964 and continued to produce the Djet under the name Matra. This was followed by the M530 mid-engined sports car which in fact was a collaboration between SIMCA and Matra for the American car market; Chrysler owned SIMCA at this time. In 1973 Matra-Simca launched the 3-abreast Bagheera, and replaced this with the Talbot-Matra Murena after PSA had ticket over SIMCA. Matra pulled out of PSA when Peugeot rejected its designs for a revolutionary new vehicle now called a 'people carrier'. Matra took this design Renault and the Renault Espace was the result. Renault ended its contracts with Matra in 2003.