Production magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the objective of producing a polished grand touring car to take on 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 for their 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 a decade, but sales plunged within the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and René Leimer and retired in 1974. The company went insolvent in 1978, and was placed in the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased this company out of receivership simply by 1984 and invested heavily within the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa expensive car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini on the Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco and Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it was placed under the control on the group's Audi division. New products and type lines were introduced to the brand's portfolio and given the market and saw an increased productivity for the company Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent economic crisis, Lamborghini's sales saw some sort of drop of nearly 50 pct.
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At the time of the 2015 model calendar year, Lamborghini's automobile product range involves two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing as much SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for used in World Offshore Series Type 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu in) and outputs around 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street bike. UK weekly newspaper Tandem News reported in 1994 - when featuring a case in point available through an London motorcycle retailer - that will 24 examples were produced that has a Lamborghini alloy frame acquiring adjustable steering head angle, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic-type material and fully integrated having front fairing merged in to fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Bikes.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce a number of Lamborghini-branded consumer goods including scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would end up being no factory-supported racing involving Lamborghinis, viewing motorsport as very costly and too draining in company resources. [citation needed] This was unusual for your 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 thinking of his road car business mostly a supply of funding for his engagement in motor racing. Ferruccio's policy led to tensions between him along with his engineers, many of whom were racing enthusiasts; some had previously labored 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 rushing potential, one that could win on the track and also be driven on your way by enthusiasts. When Ferruccio discovered the particular project, he allowed them to look ahead, seeing it as the potential marketing device for the company, while insisting that it'd not be raced. The P400 went on become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were a couple of highly modified prototypes, including those built through factory test driver Frank Wallace, such as the Miura SV-based "Jota" as well as the Jarama S-based "Bob Wallace Special".
From the mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to produce, then manufacture 400 cars for BMW so as to meet Group 4 homologation needs. BMW lacked experience creating a mid-engined vehicle and considered that Lamborghini's experience in that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind plan developing the car's structure and running gear. When Lamborghini failed to offer working prototypes on time period, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named this M1, delivering the first car in October 1978.
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