The automotive industry had many ups and downs since the automobile became popular in the 1900s. The first major downturn happened in the late 1920s when The Great Depression hit the world. In the United States, the economic depression put many luxury carmakers out of business. In Europe, however, some low-output companies survived, although they eventually went bankrupt after World War II. One such carmaker is Voisin, which was founded by aviation pioneer Gabriel Voisin. This French company produced only a handful of automobiles in the 1920 and 1930s, with the most iconic being the C25 Aerodyne.