Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a refined grand touring car to tackle offerings from established marques including Ferrari. The company's first models, such as the 350 GT, were released in the mid-1960s and were noted for 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 10 years, but sales plunged from the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti along with René Leimer and on in 1974. The company went broke in 1978, and was placed inside the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by 1984 and invested heavily from the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco and Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where ıt had been placed under the control with the group's Audi division. New products and style lines were introduced for the brand's portfolio and given the market and saw a higher productivity for the brand Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent overall economy, Lamborghini's sales saw some sort of drop of nearly 50 per cent.
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By the 2015 model season, Lamborghini's automobile product range includes two model lines, both of which usually are mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé and roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing as many SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for used in World Offshore Series School 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu with) 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 street bike. UK weekly newspaper Bike News reported in 1994 - when featuring a case in point available through an Essex motorcycle retailer - that 24 examples were produced using a Lamborghini alloy frame having adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type and fully integrated having front fairing merged in to fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Motorbikes.
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Printed merchandiseLamborghini licenses its brand to manufacturers that produce a number of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would become no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining about company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in distinct was known for thinking of his road car business mostly a way to obtain funding for his participation in motor racing. Ferruccio's policy led to tensions between him as well as his engineers, many of whom were racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development in the P400 prototype, they designed it to be 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 for that company, while insisting that it'd not be raced. The P400 went to become the Miura. The closest the company came to building a true ethnic background car under Lamborghini's supervision were some highly modified prototypes, including those built through factory test driver Joe Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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Inside the mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW to produce, then manufacture 400 cars for BMW to be able to meet Group 4 homologation demands. BMW lacked experience creating a mid-engined vehicle and assumed that Lamborghini's experience as area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind routine developing the car's framework and running gear. When Lamborghini failed to offer working prototypes on occasion, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named the particular M1, delivering the first auto in October 1978.
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