Antonio Lago
Antonio Franco Lago was an Italian engineer and motor-industry entrepreneur. In 1936 he bought Automobiles Talbot S.A. from his employers, the collapsed Anglo-French S.T.D. Motors combine, and founded the motor-racing marque Talbot-Lago.
The French government awarded him the Legion d’Honneur for the glory he brought to France.
Biography
Early life
Lago was born in Venice in 1893, but the family moved to Bergamo, where his father was manager of the municipal theatre. He grew up in the company of actors, musicians and government officials, developing relationships with leaders such as Pope John XXIII and Benito Mussolini. He graduated in engineering from the Politecnico di Milano.In 1915 he joined the Italian Air Force, where he achieved the rank of major during the First World War.
Politics
Although Lago was a founding member of the Italian National Fascist Party, he later became outspokenly critical of fascism, which led to a violent dispute with Benito Mussolini, necessitating his subsequent fleeing to France. In an era of volatile politics he always carried a hand grenade. In 1919 three members of the fascist youth entered a trattoria looking for him, but as they shot the two owners he threw the grenade and ran out the back door. One of the fascists was killed and Lago fled to Paris, reportedly never returning to Italy.Engineering
Lago worked for Pratt and Whitney in Southern California before settling in England in the 1920s, where he changed his name to Anthony. He represented Isotta Fraschini at showrooms in North Audley Street, Mayfair and was technical director of L.A.P. Engineering. He then became a director of Self-Changing Gears Ltd owned by Walter Gordon Wilson and John Davenport Siddeley which manufactured Wilson pre-selector gearboxes, and persuaded S.T.D. Motors and others of the gearbox's merits. He acquired the rights to export Wilson gearboxes from England.Automobiles Talbot S.A.
In 1933 Lago moved to France to manage the failing French subsidiary of S.T.D. Motors, Automobiles Talbot S.A. Starved of capital it now had antiquated plant and aging products. During the 1920s Louis Coatalen had overspent Sunbeam's funds on Grand Prix racing. Not only had this hampered plant and product development but it was Sunbeam's heavy borrowing brought S.T.D. Motors to its knees when it fell due for repayment in mid 1934. S T D Motors was forced to sell profitable Clément-Talbot or Talbot London, Sunbeam which now had little value —both bought by the Rootes brothers— and Automobiles Talbot S.A. which was unsaleable being hopelessly indebted to its French bankers. A complete collapse of the French company proved unavoidable.Lago was a "ruthless businessman with great charm". In 1933 he had persuaded the other directors of S T D Motors that with him as director Automobiles Talbot France could be back on its feet in 18 months. They paid his salary whilst he transformed the company and they also agreed to share any profits from the sale. His three pronged rescue plan for Talbot involved reducing expenses; building light sporting cars and using racing for development and publicity. He insisted that the racing cars should be closely related to Talbot production models.
When, at the end of 1934, Automobiles Talbot S.A. was forced into receivership Lago managed to convert his rights to export Wilson gearboxes into an option to purchase the factory and its plant and machinery at Suresnes. At a cost of £63,000 he and his investors finally acquired the business of Automobiles Talbot S.A. in mid-1936 and S T D Motors was liquidated.