Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a sophisticated grand touring car to take on offerings from established marques such as Ferrari. The company's first versions, such as the 350 GT, were released in the actual mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for your 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 as well as René Leimer and launched onto in 1974. The company went belly up in 1978, and was placed inside receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased this company out of receivership through 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 vehicle and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where ıt had been placed under the control in the group's Audi division. New products and model lines were introduced for the brand's portfolio and delivered to the market and saw a heightened productivity for the model Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial crisis, Lamborghini's sales saw a drop of nearly 50 pct.
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As of the 2015 model year, Lamborghini's automobile product range is made of two model lines, both of which are mid-engine two-seat sports vehicles. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as much SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use in World Offshore Series Class 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu with) and outputs somewhere around 940 hp (900 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 case in point available through an London motorcycle retailer - in which 24 examples were produced having a Lamborghini alloy frame acquiring adjustable steering head angle, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic and fully integrated having front fairing merged directly into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were created by Lamborghini stylists and made by French business Boxer Cycles.
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Top quality merchandiseLamborghini licenses its brand to manufacturers that produce various Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would become no factory-supported racing involving Lamborghinis, viewing motorsport as too costly and too draining in company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in certain was known for considering his road car business mostly a source of funding for his engagement in motor racing. Ferruccio's policy led to tensions between him and also his engineers, many of whom have been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare 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 highway by enthusiasts. When Ferruccio discovered the actual project, he allowed them to search ahead, seeing it as the potential marketing device with the company, while insisting that it would not be raced. The P400 went through to become the Miura. The closest the company located building a true competition car under Lamborghini's supervision were several highly modified prototypes, including those built through factory test driver Frank Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to produce, then manufacture 400 cars for BMW in order to meet Group 4 homologation demands. BMW lacked experience possessing a mid-engined vehicle and believed that Lamborghini's experience because area would make Lamborghini a perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind program developing the car's construction and running gear. When Lamborghini failed to produce working prototypes on moment, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named this M1, delivering the first auto in October 1978.
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