Creation magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a sophisticated grand touring car to tackle offerings from established marques including Ferrari. The company's first designs, such as the 350 GT, were released in this mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars in the era.Lamborghini grew rapidly during its first a decade, but sales plunged from the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti and also René Leimer and retired in 1974. The company went bankrupt in 1978, and was placed inside receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by simply 1984 and invested heavily from the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded through the Countach to include the Jalpa fancy car and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini on the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it was placed under the control from the group's Audi division. New products and product lines were introduced towards brand's portfolio and exposed to the market and saw a greater productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent overall economy, Lamborghini's sales saw any drop of nearly 50 per cent.
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As of the 2015 model calendar year, Lamborghini's automobile product range consists of two model lines, both of which tend to be mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé as well as 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 two times its car production by producing numerous SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for utilization in World Offshore Series Category 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu in) and outputs around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports motorbike. UK weekly newspaper Tandem News reported in 1994 - when featuring a sample available through an London motorcycle retailer - that 24 examples were produced using a Lamborghini alloy frame obtaining adjustable steering head angle, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks and Marvic wheels. The bodywork was cheap 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 produced by French business Boxer Bikes.
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Branded merchandiseLamborghini licenses its manufacturer to manufacturers that produce many different Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would always be no factory-supported racing of Lamborghinis, viewing motorsport as too expensive and too draining in company resources. [citation needed] This was unusual for your time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in specific was known for contemplating his road car business mostly a source of funding for his involvement in motor racing. Ferruccio's policy led to help tensions between him in addition to his engineers, many of whom ended up racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development with the P400 prototype, they designed it becoming a road car with racing potential, one that could win about the track and also be driven on the road by enthusiasts. When Ferruccio discovered this project, he allowed them to travel ahead, seeing it as the potential marketing device for that company, while insisting that it might not be raced. The P400 went on to become the Miura. The closest the company found building a true competition car under Lamborghini's supervision were a number of highly modified prototypes, including those built by means of factory test driver Chad Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
In the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation prerequisites. BMW lacked experience possessing a mid-engined vehicle and believed that Lamborghini's experience as area would make Lamborghini the perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind program developing the car's structure and running gear. When Lamborghini failed to deliver working prototypes on period, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the actual M1, delivering the first vehicle in October 1978.
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