Production magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a refined grand touring car to compete with offerings from established marques including Ferrari. The company's first versions, 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 for that Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first a decade, but sales plunged inside wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and also René Leimer and launched onto in 1974. The company went belly up 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 within the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded in the Countach to include the Jalpa expensive car and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco in addition to 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 style lines were introduced for the brand's portfolio and delivered to the market and saw a higher productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent overall economy, Lamborghini's sales saw any drop of nearly 50 percent.
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Adjusted the 2015 model 12 months, 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 contains the LP 700-4 coupé as well as roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as your less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing as many SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for use within World Offshore Series Type 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu inside) and outputs around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports motorcycle. UK weekly newspaper Motor cycle 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 acquiring adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks and Marvic wheels. The bodywork was plastic-type and fully integrated together with front fairing merged in to fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Bikes.
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Top quality merchandiseLamborghini licenses its brand to manufacturers that produce a variety of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would end up being no factory-supported racing of Lamborghinis, viewing motorsport as very costly and too draining about company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in particular was known for taking into consideration his road car business mostly a cause of funding for his contribution in motor racing. Ferruccio's policy led to help tensions between him in addition to his engineers, many of whom have been racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development on the P400 prototype, they designed it as 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 the project, he allowed them to travel ahead, seeing it as a potential marketing device with the company, while insisting that it will not be raced. The P400 went on to become the Miura. The closest the company reached building a true ethnic background car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by 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 under the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW to formulate, then manufacture 400 cars for BMW so as to meet Group 4 homologation needs. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience for the reason that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind schedule developing the car's structure and running gear. When Lamborghini failed to supply working prototypes on occasion, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the M1, delivering the first vehicle in October 1978.
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