 Matra Automobiles was subsequently sold by Chrysler Europe to French car company Peugeot; during 1983, Lagardere arranged to buy the division back.Shortly thereafter, a strategic partnership was formed between Matra and French vehicle company Renault, leading to the development of the Espace minivan.During 1984, the Matra-built Espace was launched onto the market, this car proved to be a commercial success over multiple decades.