Producing magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a sophisticated grand touring car to contend with offerings from established marques such as Ferrari. The company's first products, such as the 350 GT, were released in this mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first decade, but sales plunged inside the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and 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 this company out of receivership by simply 1984 and invested heavily from the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded from the Countach to include the Jalpa expensive car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control in the group's Audi division. New products and design lines were introduced towards brand's portfolio and delivered to the market and saw an elevated productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent financial system, Lamborghini's sales saw some sort of drop of nearly 50 percent.
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By the 2015 model calendar year, Lamborghini's automobile product range includes two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line is made of the LP 700-4 coupé and also roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing several SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for use within World Offshore Series Category 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu with) and outputs roughly 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports street motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring an example available through an Kent motorcycle retailer - that 24 examples were produced with a Lamborghini alloy frame getting adjustable steering head position, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks in addition to 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 designed by Lamborghini stylists and manufactured by French business Boxer Motorcycles.
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Printed merchandiseLamborghini licenses its company to manufacturers that produce various Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would possibly be no factory-supported racing regarding Lamborghinis, viewing motorsport as too expensive and too draining about company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in unique was known for thinking about his road car business mostly a source of funding for his contribution in motor racing. Ferruccio's policy led in order 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 extra time to the development of the P400 prototype, they designed it to become a road car with sporting potential, one that could win for the track and also be driven on the road by enthusiasts. When Ferruccio discovered the particular project, he allowed them to visit ahead, seeing it as some sort of potential marketing device for your company, while insisting that it'd not be raced. The P400 went to become the Miura. The closest the company found building a true race car under Lamborghini's supervision were some highly modified prototypes, including those built simply by factory test driver Frank Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation requirements. BMW lacked experience possessing 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 unreliable finances, Lamborghini fell behind plan developing the car's design and running gear. When Lamborghini failed to offer working prototypes on moment, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the actual M1, delivering the first car in October 1978.
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