Manufacturing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a refined grand touring car to compete with offerings from established marques for instance Ferrari. The company's first models, such as the 350 GT, were released in the particular mid-1960s and were noted with regards to 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 of the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti along with René Leimer and retired in 1974. The company went on the rocks in 1978, and was placed from the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the business out of receivership by 1984 and invested heavily inside the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa sports car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it had been placed under the control with the group's Audi division. New products and product lines were introduced towards brand's portfolio and delivered to the market and saw a greater productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent economic crisis, Lamborghini's sales saw any drop of nearly 50 pct.
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By 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 cars. The V12-powered Aventador line contains the LP 700-4 coupé in addition to roadster. The V10-powered Huracán line 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 double its car production by producing numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for use within World Offshore Series Category 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu in) and outputs somewhere around 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring a sample available through an Kent motorcycle retailer - which 24 examples were produced which has a Lamborghini alloy frame acquiring adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks along with Marvic wheels. The bodywork was plastic-type and fully integrated along with front fairing merged straight into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were created by Lamborghini stylists and produced by French business Boxer Motorcycles.
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Brand merchandiseLamborghini licenses its model to manufacturers that produce various Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would possibly be no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining on company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in specific was known for taking into consideration his road car business mostly a cause of funding for his engagement in motor racing. Ferruccio's policy led for you to tensions between him as well as his engineers, many of whom were racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development on the P400 prototype, they designed it to be a road car with rushing potential, one that could win about the track and also be driven on the highway by enthusiasts. When Ferruccio discovered your project, he allowed them to search ahead, seeing it as a potential marketing device to the company, while insisting that it would not be raced. The P400 went through to become the Miura. The closest the company reached building a true race car under Lamborghini's supervision were a few highly modified prototypes, including those built by means of factory test driver Joe Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW in order to develop, then manufacture 400 cars for BMW so that you can meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and considered that Lamborghini's experience for the reason that area would make Lamborghini a perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind program developing the car's design and running gear. When Lamborghini failed to deliver working prototypes on time period, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the particular M1, delivering the first vehicle in October 1978.
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