RW Maudslay founded the Standard Motor Company in Coventry in 1903, and by 1905 Standard had forsaken chain drive for the more advanced shaft drive. Production really took off in 1919 with saloon bodies on offer, and a market share as large as Austin. In 1932 Standard opened a new factory at Canley and from 1935 all production was transferred there and the new 'Flying Standards' were rolled out. During WW2 Canley produced aircraft, and production resumed in 1945. In the same year chairman Sir John Black bought out the bankrupt Triumph Motor Company from under the nose of Sir william Lyons (Jaguar). Also in 1948 Standard agreed to produce the Ferguson Tractor and the engine for this was strongly related to the Standard Vanguard engine, even in the diesel versions. But the Standard name was felt to be inferior to 'Triumph' and and from the late 1950s replacement models were branded as Triumph and after 1963 the Standard name became extinct.