Production magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a polished grand touring car to contend with offerings from established marques including Ferrari. The company's first models, such as the 350 GT, were released in this mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars in the era.Lamborghini grew rapidly during its first a decade, but sales plunged from the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti along with René Leimer and upon the market in 1974. The company went belly up in 1978, and was placed within the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by simply 1984 and invested heavily inside company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach with all 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 to the Volkswagen Group where it turned out placed under the control on the group's Audi division. New products and style lines were introduced on the 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 disaster and the subsequent recession, Lamborghini's sales saw any drop of nearly 50 per cent.
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Since the 2015 model season, Lamborghini's automobile product range is made of two model lines, both of which are generally mid-engine two-seat sports cars. 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 in addition to roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing several SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use in World Offshore Series Type 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu in) and outputs about 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring an illustration available through an Essex motorcycle retailer - in which 24 examples were produced that has a Lamborghini alloy frame having adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks and also Marvic wheels. The bodywork was plastic material and fully integrated with front fairing merged in fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and made by French business Boxer Cycles.
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Branded merchandiseLamborghini licenses its brand to manufacturers that produce many different Lamborghini-branded consumer goods including scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would possibly be no factory-supported racing connected with Lamborghinis, viewing motorsport as too expensive and too draining on company resources. [citation needed] This was unusual for your time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in specific was known for thinking of his road car business mostly a way 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 extra time to the development on the P400 prototype, they designed it as a road car with race potential, one that could win on the track and also be driven on your way by enthusiasts. When Ferruccio discovered the project, he allowed them to search ahead, seeing it as a new potential marketing device to the company, while insisting that it could not be raced. The P400 went to become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were a few highly modified prototypes, including those built by factory test driver Bob Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation needs. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience in that area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind timetable developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on time period, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named your M1, delivering the first vehicle in October 1978.
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