Background
The history of Wolseley is an interesting one. Wolseley was formed when the Vickers Sons and Hiram Maxim – soon to be inventor of the Maxim Gun – created a partnership with Herbert Austin in 1901. The newly named Wolseley Tool and Motor Company began with a budget of 40,000 pounds to manufacture both tools and automobiles. Maxim and Austin both operated Wolseley together for the first 5 years of business, after which Herbert Austin left the company and founded Austin Motors Limited. By 1913 Wolseley was the largest automobile manufacturer in Britain. The following year and several after that, Wolseley produced a wide array of war-time vehicles and engines that were immensely important during World War I. Mismanagement and rapid over-expansion were what led to the company installing a management committee, and ultimately declaring bankruptcy to the tune of 2 million pounds in October of 1926. Contemporary newspapers described the downfall as “one of the most spectacular failures in the early history of the motor industry.”
So, how do we have a car from 1956 with us today then?
Following the bankruptcy, W. R. Morris of Morris Motors Limited bought the company at auction to the tune of 730,000 pounds. It’s rumored today that he did this to stop General Motors from purchasing the company, who ultimately bought Vauxhall shortly after. Following World War II, Wolseley and Morris production was consolidated in Cowley, England.







