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They started building "Retro-style" delivery vans on the Ford Transit chassis in 1982. In 1991 the company announced production of a 1930s-style taxi cab that would meet the London Public Carriage Office regulations on a purpose-built chassis.

Originally based in Great Yeldham in Essex, Asquith employed 30 fulltime craftsmen who hand made over 1,000 vehicles, many exported to countries as far away as Japan and USA.

In the late 1990’s the company experienced some challenges. The cost of manufacture had increased, research & development on new vehicles including the London Taxi had spiralled and a large Japanese order was cancelled forcing the company into receivership.

In 2005, Asquith Motor Company Ltd bought the Vintage Motor Company Ltd, based in Doncaster. The company hopes this purchase will allow Asquith to expand its range and "confirm its position as the world’s most distinctive motor producer".
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