Matra (an acronym for Mécanique Aviation Traction) was a French industrial conglomerate. Following the acquisition of vehicle manufacturer Automobiles René Bonnet, the company formed Matra Automobiles during the 1960s and made the Matra brand famous through the production of a successful range of racing cars and sports cars. The first road car to be sold under the Matra marque was the Renault-powered Matra Djet (pronounced "jet"), which was an update of the Bonnet Jet; the Djet was subsequently replaced with the M530, Bagheera, the Murena and the Rancho, an early type of sport utility vehicle (SUV). At its peak, Matra Automobiles was manufacturing 60,000 vehicles per year.