Production magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a processed grand touring car to compete with offerings from established marques such as Ferrari. The company's first versions, such as the 350 GT, were released in this mid-1960s and were noted for his or her refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first several years, but sales plunged in the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and also René Leimer and upon the market in 1974. The company went bankrupt in 1978, and was placed within the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by means of 1984 and invested heavily from the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded from your Countach to include the Jalpa low rider and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco and Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where ıt had been placed under the control on the group's Audi division. New products and type lines were introduced towards the brand's portfolio and exposed to the market and saw a higher productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent economic crisis, Lamborghini's sales saw a new drop of nearly 50 pct.
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Adjusted the 2015 model yr, Lamborghini's automobile product range consists of two model lines, both of which usually are mid-engine two-seat sports cars. The V12-powered Aventador line includes the LP 700-4 coupé in addition to roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as the actual 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 huge V12 marine engine block for utilization in World Offshore Series Category 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu within) and outputs about 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring a good example available through an Kent motorcycle retailer - of which 24 examples were produced using a Lamborghini alloy frame acquiring adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks and Marvic wheels. The bodywork was plastic-type material and fully integrated along with front fairing merged into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Motorcycles.
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Brand name merchandiseLamborghini licenses its company to manufacturers that produce various Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would always be no factory-supported racing regarding Lamborghinis, viewing motorsport as too expensive and too draining with company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in distinct was known for considering his road car business mostly a source of funding for his involvement in motor racing. Ferruccio's policy led to tensions between him and his engineers, many of whom were being racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development on the P400 prototype, they designed it to become a road car with racing potential, one that could win on the track and also be driven on the road by enthusiasts. When Ferruccio discovered the particular project, he allowed them to search ahead, seeing it as some sort of potential marketing device to the company, while insisting that it will not be raced. The P400 went on become the Miura. The closest the company reached building a true competition car under Lamborghini's supervision were a number of highly modified prototypes, including those built by simply factory test driver Chad Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW to formulate, then manufacture 400 cars for BMW so that you can meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and thought that Lamborghini's experience in this area would make Lamborghini a great choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind routine developing the car's framework and running gear. When Lamborghini failed to produce working prototypes on time, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named this M1, delivering the first car or truck in October 1978.
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