Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a refined grand touring car to compete with offerings from established marques like Ferrari. The company's first types, such as the 350 GT, were released in the actual mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first ten years, but sales plunged inside wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti as well as René Leimer and retired in 1974. The company went on the rocks in 1978, and was placed within the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by means of 1984 and invested heavily inside company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded through the Countach to include the Jalpa expensive car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where it turned out placed under the control in the group's Audi division. New products and type lines were introduced on the brand's portfolio and given the market and saw an elevated productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent financial system, Lamborghini's sales saw the drop of nearly 50 percentage.
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At the time of the 2015 model season, Lamborghini's automobile product range includes two model lines, both of which are usually mid-engine two-seat sports vehicles. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing as numerous SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for utilization in World Offshore Series Type 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu throughout) and outputs about 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorcycle. UK weekly newspaper Motor bike News reported in 1994 - when featuring an example available through an Essex motorcycle retailer - that 24 examples were produced using a Lamborghini alloy frame getting adjustable steering head position, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks along with Marvic wheels. The bodywork was cheap and fully integrated together with front fairing merged in to fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were created by Lamborghini stylists and produced by French business Boxer Motorbikes.
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Brand name merchandiseLamborghini licenses its manufacturer to manufacturers that produce various Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would possibly be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining with company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in unique was known for thinking about his road car business mostly a way to obtain funding for his involvement in motor racing. Ferruccio's policy led to tensions between him in addition to his engineers, many of whom had been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development from the P400 prototype, they designed it as a road car with sporting potential, one that could win for the track and also be driven on your way by enthusiasts. When Ferruccio discovered the project, he allowed them to travel ahead, seeing it as some sort of potential marketing device to the company, while insisting that it could not be raced. The P400 went on become the Miura. The closest the company reached building a true ethnic background car under Lamborghini's supervision were several 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".
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Inside mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW in order to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation demands. BMW lacked experience making a mid-engined vehicle and thought that Lamborghini's experience in this area would make Lamborghini a great choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind program developing the car's composition and running gear. When Lamborghini failed to produce working prototypes on occasion, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the actual M1, delivering the first automobile in October 1978.
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