History
"Romeo Palamides, an early drag racing innovator and grandfather of jet car racing, designed and crafted leading edge, high strength-to-weight magnesium drag racing wheels for a competition dragster designed in the early 1950s for competition. The vehicle debuted on the cover of the November 1956 issue of Hot Rod Magazine. The car gained attention but, in the early years of hot rodding, there was considerable street enthusiast interest in the lightweight, high-tech wheels he had custom-designed for the car. Romeo's vision, working from Jim Ellison's small machine shop in San Francisco, along with engineering innovator Tom Griffith, evolved into America's leading aftermarket wheel company. In 1956, they formed American Racing Equipment."(http://www.americanracing.com/company.asp)
Platinum Equity investment group acquired American Racing Equipment Inc in June 2005.
Read more about this topic: American Racing
Famous quotes containing the word history:
“The history of any nation follows an undulatory course. In the trough of the wave we find more or less complete anarchy; but the crest is not more or less complete Utopia, but only, at best, a tolerably humane, partially free and fairly just society that invariably carries within itself the seeds of its own decadence.”
—Aldous Huxley (1894–1963)
“It would be naive to think that peace and justice can be achieved easily. No set of rules or study of history will automatically resolve the problems.... However, with faith and perseverance,... complex problems in the past have been resolved in our search for justice and peace. They can be resolved in the future, provided, of course, that we can think of five new ways to measure the height of a tall building by using a barometer.”
—Jimmy Carter (James Earl Carter, Jr.)
“There is a constant in the average American imagination and taste, for which the past must be preserved and celebrated in full-scale authentic copy; a philosophy of immortality as duplication. It dominates the relation with the self, with the past, not infrequently with the present, always with History and, even, with the European tradition.”
—Umberto Eco (b. 1932)