Producing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a polished 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 this mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars in the era.Lamborghini grew rapidly during its first decade, but sales plunged within the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti in addition to René Leimer and on in 1974. The company went on the rocks in 1978, and was placed inside 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 within the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded from your Countach to include the Jalpa sports car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini 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 Volkswagen Group where it had been placed under the control in the group's Audi division. New products and model lines were introduced to the brand's portfolio and exposed to the market and saw a higher productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent recession, Lamborghini's sales saw the drop of nearly 50 percent.
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At the time of the 2015 model 12 months, Lamborghini's automobile product range contains two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line includes the LP 700-4 coupé in addition to roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing as many SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for utilization in World Offshore Series Class 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu in) and outputs approximately 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports street bike. UK weekly newspaper Tandem News reported in 1994 - when featuring an illustration available through an Essex motorcycle retailer - that will 24 examples were produced which has a Lamborghini alloy frame having adjustable steering head angle, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type material and fully integrated along with front fairing merged in fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Bicycles.
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Top quality merchandiseLamborghini licenses its brand name to manufacturers that produce many different Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would become no factory-supported racing connected with Lamborghinis, viewing motorsport as too costly and too draining in company resources. [citation needed] This was unusual for your time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in unique was known for thinking of his road car business mostly a supply of funding for his contribution in motor racing. Ferruccio's policy led for you to tensions between him and his engineers, many of whom were racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development with the P400 prototype, they designed it to be a road car with race potential, one that could win about the track and also be driven while travelling by enthusiasts. When Ferruccio discovered this project, he allowed them to visit ahead, seeing it as a new potential marketing device with the company, while insisting that it might not be raced. The P400 went onto become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were some highly modified prototypes, including those built simply by factory test driver Joe Wallace, such as the Miura SV-based "Jota" as well as the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to develop, then manufacture 400 cars for BMW so as to meet Group 4 homologation prerequisites. BMW lacked experience making a mid-engined vehicle and thought that Lamborghini's experience as area would make Lamborghini a perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind program developing the car's structure and running gear. When Lamborghini failed to deliver working prototypes on occasion, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the particular M1, delivering the first car or truck in October 1978.
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