Producing magnate Italian Ferruccio Lamborghini founded this company in 1963 with the aim of producing a enhanced grand touring car to tackle offerings from established marques including Ferrari. The company's first types, such as the 350 GT, were released in your 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 for the reason that standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first 10 years, 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 in addition to René Leimer and upon the market in 1974. The company went on the rocks in 1978, and was placed from the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership simply by 1984 and invested heavily in the company's expansion. Under the Mimrans' operations, 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 towards the Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco along with Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control with the group's Audi division. New products and design lines were introduced for the brand's portfolio and given the market and saw an increased productivity for the model Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent recession, Lamborghini's sales saw a drop of nearly 50 %.
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By the 2015 model year, Lamborghini's automobile product range consists of two model lines, both of which usually are mid-engine two-seat sports vehicles. The V12-powered Aventador line consists of the LP 700-4 coupé as well as roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing several SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for easy use in World Offshore Series Class 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu inside) and outputs roughly 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring a case in point available through an Essex motorcycle retailer - which 24 examples were produced using a Lamborghini alloy frame obtaining adjustable steering head position, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks as well as Marvic wheels. The bodywork was plastic material and fully integrated together with front fairing merged in to fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Motorcycles.
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Brand merchandiseLamborghini licenses its brand to manufacturers that produce a number of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would always be no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining in company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in distinct was known for considering his road car business mostly a supply of funding for his engagement in motor racing. Ferruccio's policy led in order to tensions between him and his engineers, many of whom have been 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 as a road car with racing potential, one that could win around the track and also be driven on the highway 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 through to become the Miura. The closest the company stumbled on building a true competition car under Lamborghini's supervision were some highly modified prototypes, including those built simply by factory test driver Frank Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was beneath 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 specifications. BMW lacked experience having a mid-engined vehicle and believed that Lamborghini's experience in that 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 supply working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the particular M1, delivering the first auto in October 1978.
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