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Austin Automobile is a historic British automotive brand. The brand was founded by Herbert Austin in 1905 and remained a leader in the British automotive industry until around 1914. In 1922, Austin launched the Seven model, the success of which helped the company to overcome financial difficulties. In 1947, Austin developed the A40 series, beginning the use of overhead valve (OHV) engines. In 1952, Austin merged with the Nuffield factory to form the British Motor Corporation (BMC). In 1968, BMC merged with the Rover car series to become the British Leyland Motor Corporation. In 1986, the company was renamed the Rover Group and was acquired by the British aerospace and defense company in 1988. In 1994, the Rover Group was taken over by BMW, and in May 2000, it was sold again by BMW to the British Phoenix Consortium. In April 2005, the Austin brand eventually declared bankruptcy. Austin Automobile Company was famous for producing economical small cars. The Mini, introduced in 1959, made a huge splash in the automotive industry. The Mini's design was compact, featuring a front-mounted, small-displacement engine closely integrated with a front-wheel-drive transmission, which relatively increased the passenger space. Despite its small size, the interior did not feel cramped and was known as a front-engine, front-wheel-drive (F.F) compact car, one of the classic designs in the history of automobiles. The history of the Austin automobile brand witnessed the rise and changes of the British automotive industry. Although the brand no longer exists, its technology and some classic models have been inherited.