Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a refined grand touring car to take on offerings from established marques such as Ferrari. The company's first designs, such as the 350 GT, were released in this mid-1960s and were noted for his or her refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first a decade, but sales plunged from the wake of the 1973 worldwide financial downturn along with the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti along with René Leimer and on in 1974. The company went broke in 1978, and was placed inside receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership through 1984 and invested heavily inside the company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded on the Countach to include the Jalpa sports 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 to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where ıt had been placed under the control with the group's Audi division. New products and style lines were introduced to the brand's portfolio and delivered to the market and saw a higher productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent economic crisis, Lamborghini's sales saw the drop of nearly 50 per cent.
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Since the 2015 model year, Lamborghini's automobile product range includes two model lines, both of which are usually mid-engine two-seat sports autos. The V12-powered Aventador line involves the LP 700-4 coupé in addition to roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as many SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for use in World Offshore Series Category 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu with) and outputs around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of any 1, 000 cc sports motorbike. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - which 24 examples were produced having a Lamborghini alloy frame getting adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic material and fully integrated along 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 made by French business Boxer Motorcycles.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce various Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would be no factory-supported racing associated with Lamborghinis, viewing motorsport as very costly and too draining upon company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in specific was known for thinking about his road car business mostly a method to obtain funding for his engagement in motor racing. Ferruccio's policy led to be able to tensions between him and his engineers, many of whom were racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development from the P400 prototype, they designed it becoming a road car with rushing potential, one that could win on the track and also be driven traveling by enthusiasts. When Ferruccio discovered your project, he allowed them to travel ahead, seeing it as a potential marketing device for that company, while insisting that it would not be raced. The P400 went onto become the Miura. The closest the company reached building a true race car under Lamborghini's supervision were a number of 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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From 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 as a way to meet Group 4 homologation requirements. BMW lacked experience making a mid-engined vehicle and presumed that Lamborghini's experience as area would make Lamborghini the best choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind schedule developing the car's design and running gear. When Lamborghini failed to supply working prototypes on moment, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the particular M1, delivering the first automobile in October 1978.
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