Creation magnate Italian Ferruccio Lamborghini founded this company in 1963 with the aim of producing a refined grand touring car to contend with offerings from established marques such as Ferrari. The company's first types, such as the 350 GT, were released in the particular mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first 10 years, but sales plunged in the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti and René Leimer and on in 1974. The company went belly up in 1978, and was placed inside receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by simply 1984 and invested heavily in the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded from the Countach to include the Jalpa fancy car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it absolutely was placed under the control on the group's Audi division. New products and design lines were introduced for the brand's portfolio and exposed to the market and saw an increased productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent financial crisis, Lamborghini's sales saw a new drop of nearly 50 percentage.
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At the time of the 2015 model season, Lamborghini's automobile product range includes two model lines, both of which usually are mid-engine two-seat sports vehicles. The V12-powered Aventador line contains the LP 700-4 coupé and roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as numerous SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use within World Offshore Series Course 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu throughout) and outputs around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports street motorcycle. UK weekly newspaper Bike News reported in 1994 - when featuring a good example available through an London motorcycle retailer - of which 24 examples were produced that has a Lamborghini alloy frame having adjustable steering head position, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic and fully integrated using front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Bicycles.
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Printed merchandiseLamborghini licenses its brand to manufacturers that produce a range of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining in company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in certain was known for thinking of his road car business mostly a method to obtain funding for his contribution in motor racing. Ferruccio's policy led to tensions between him in addition to his engineers, many of whom ended up racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development with the P400 prototype, they designed it to be a road car with race potential, one that could win within the track and also be driven on the road by enthusiasts. When Ferruccio discovered the actual project, he allowed them to go ahead, seeing it as a new potential marketing device for your company, while insisting that it'd not be raced. The P400 went through to become the Miura. The closest the company located building a true competition car under Lamborghini's supervision were a number of highly modified prototypes, including those built simply by factory test driver Joe Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to build up, then manufacture 400 cars for BMW to be able to meet Group 4 homologation prerequisites. BMW lacked experience creating a mid-engined vehicle and considered that Lamborghini's experience because area would make Lamborghini the best choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind timetable developing the car's framework and running gear. When Lamborghini failed to deliver working prototypes on moment, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named this M1, delivering the first auto in October 1978.
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