 In 1969 , after two large accidents due to <unk> on his Lotus car , Mosley decided that " it was evident that I wasn 't going to be World Champion " and retired from driving . He was already working with Robin Herd , Alan Rees and Graham <unk> to establish the racing car manufacturer March Engineering where he handled legal and commercial matters . The name March is an acronym based on the initials of the founders ; the ' M ' stands for Mosley . Like the other founders , Mosley put in £ 2 @,@ 500 of capital . His father told him that the company " would certainly go bankrupt , but it would be good training for something serious later on . " 
