Making magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a polished grand touring car to contest with offerings from established marques for instance Ferrari. The company's first models, such as the 350 GT, were released in this mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the 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 a decade, but sales plunged from the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti along with René Leimer and launched onto in 1974. The company went bankrupt in 1978, and was placed inside receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the business out of receivership by simply 1984 and invested heavily inside the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded in the Countach to include the Jalpa fancy car and the LM002 powerful 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 and also the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where ıt had been placed under the control in the group's Audi division. New products and type lines were introduced on the brand's portfolio and exposed to the market and saw a heightened productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent recession, Lamborghini's sales saw the drop of nearly 50 percent.
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As of the 2015 model year, Lamborghini's automobile product range involves 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 as well as roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to two times its car production by producing as many SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for use within World Offshore Series Course 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu throughout) and outputs around 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports street bike. UK weekly newspaper Bike News reported in 1994 - when featuring an example available through an Essex motorcycle retailer - in which 24 examples were produced which has a Lamborghini alloy frame obtaining adjustable steering head position, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type material and fully integrated having front fairing merged into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Bikes.
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Top quality merchandiseLamborghini licenses its company to manufacturers that produce a range of Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining on company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in unique was known for taking into consideration his road car business mostly a source of funding for his engagement in motor racing. Ferruccio's policy led in order to tensions between him and his engineers, many of whom were being racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development of the P400 prototype, they designed it to become road car with race potential, one that could win around the track and also be driven on your way by enthusiasts. When Ferruccio discovered the particular project, he allowed them to travel ahead, seeing it as some sort of potential marketing device to the company, while insisting that it'd not be raced. The P400 went through to become the Miura. The closest the company found building a true ethnic background car under Lamborghini's supervision were a number of highly modified prototypes, including those built through factory test driver Frank Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW in order to develop, then manufacture 400 cars for BMW so that you can meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and assumed that Lamborghini's experience because area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind plan developing the car's construction and running gear. When Lamborghini failed to offer working prototypes on moment, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the M1, delivering the first automobile in October 1978.
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