Manufacturing magnate Italian Ferruccio Lamborghini founded the business in 1963 with the objective of producing a refined grand touring car to tackle offerings from established marques for instance Ferrari. The company's first types, such as the 350 GT, were released in the particular mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for your 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 10 years, but sales plunged inside wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti and René Leimer and on in 1974. The company went insolvent in 1978, and was placed within the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by means of 1984 and invested heavily in the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded in the Countach to include the Jalpa expensive car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it turned out placed under the control on the group's Audi division. New products and type lines were introduced towards the brand's portfolio and given the market and saw an increased productivity for the company Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent financial crisis, Lamborghini's sales saw a drop of nearly 50 per cent.
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At the time of the 2015 model year, Lamborghini's automobile product range involves two model lines, both of which are usually mid-engine two-seat sports autos. The V12-powered Aventador line is made of 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 twice its car production by producing as numerous SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for used in World Offshore Series Course 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu in) and outputs approximately 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 Bike News reported in 1994 - when featuring a sample available through an London motorcycle retailer - that will 24 examples were produced using a Lamborghini alloy frame possessing adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks as well as Marvic wheels. The bodywork was plastic and fully integrated using front fairing merged in fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Bikes.
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Brand name merchandiseLamborghini licenses its brand name to manufacturers that produce a variety of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would become no factory-supported racing connected with Lamborghinis, viewing motorsport as too expensive 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 as a result of motorsport participation. Enzo Ferrari in particular was known for contemplating his road car business mostly a method to obtain funding for his involvement in motor racing. Ferruccio's policy led to be able to tensions between him as well as his engineers, many of whom ended up racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development of the P400 prototype, they designed it becoming 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 particular project, he allowed them to search ahead, seeing it as the potential marketing device to the company, while insisting that it will not be raced. The P400 went on to become the Miura. The closest the company stumbled on building a true contest car under Lamborghini's supervision were some highly modified prototypes, including those built by simply factory test driver Frank Wallace, such as the Miura SV-based "Jota" as well as the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW to build up, then manufacture 400 cars for BMW in order to meet Group 4 homologation needs. BMW lacked experience creating a mid-engined vehicle and thought that Lamborghini's experience as area would make Lamborghini a great choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind routine developing the car's design and running gear. When Lamborghini failed to produce working prototypes on time, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named this M1, delivering the first vehicle in October 1978.
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