Rolls-Royce Limited is a British car-manufacturing and, later, aero-engine manufacturing company founded by Charles Stewart Rolls and Sir Frederick Henry Royce on 15 March 1906 as the result of a partnership formed in 1904. In addition to the company's reputation for superior engineering quality, which led to its epithet as the "best car in the world", Rolls-Royce Limited was known for manufacturing the high-powered "R" engines responsible for land and air speed records as well as successful performances in automobile racing.