Producing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a refined grand touring car to tackle offerings from established marques for example Ferrari. The company's first versions, such as the 350 GT, were released in this mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars from 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 on the company to Georges-Henri Rossetti along with René Leimer and launched onto in 1974. The company went bankrupt in 1978, and was placed from the receivership of brothers Jean-Claude in addition to 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' management, Lamborghini's model line was expanded from your Countach to include the Jalpa sports car and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it absolutely was placed under the control from the group's Audi division. New products and model lines were introduced to 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 economic crisis, Lamborghini's sales saw a drop of nearly 50 pct.
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As of the 2015 model season, Lamborghini's automobile product range contains two model lines, both of which are usually mid-engine two-seat sports autos. The V12-powered Aventador line is made of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for easy use in World Offshore Series School 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu in) and outputs approximately 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports street motorcycle. UK weekly newspaper Motor bike News reported in 1994 - when featuring a case in point available through an Essex motorcycle retailer - that will 24 examples were produced that has a Lamborghini alloy frame possessing adjustable steering head position, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks along with Marvic wheels. The bodywork was plastic material and fully integrated using front fairing merged directly into fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Motorcycles.
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Branded merchandiseLamborghini licenses its model to manufacturers that produce a number of Lamborghini-branded consumer goods including scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would be no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining upon company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in particular was known for thinking of his road car business mostly a method to obtain funding for his taking part in motor racing. Ferruccio's policy led to be able to tensions between him in addition to his engineers, many of whom have been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development with the P400 prototype, they designed it to become road car with rushing potential, one that could win on the track and also be driven while travelling by enthusiasts. When Ferruccio discovered this project, he allowed them to look ahead, seeing it as a new potential marketing device for that company, while insisting that it might not be raced. The P400 went on become the Miura. The closest the company found building a true battle car under Lamborghini's supervision were a few highly modified prototypes, including those built simply by factory test driver Chad Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW in order to develop, then manufacture 400 cars for BMW in order to meet Group 4 homologation needs. BMW lacked experience developing a mid-engined vehicle and thought that Lamborghini's experience in this area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind timetable developing the car's structure and running gear. When Lamborghini failed to provide working prototypes on period, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the M1, delivering the first car in October 1978.
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