Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a sophisticated grand touring car to take on offerings from established marques for example Ferrari. The company's first models, such as the 350 GT, were released in your mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for your Miura sports coupé, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first several years, but sales plunged within the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti along with René Leimer and retired in 1974. The company went insolvent in 1978, and was placed inside the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by simply 1984 and invested heavily inside the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded in the Countach to include the Jalpa expensive car and the LM002 top rated 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 and Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where it had been placed under the control of the group's Audi division. New products and product lines were introduced on the brand's portfolio and given the market and saw an increased productivity for the model Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent overall economy, Lamborghini's sales saw any drop of nearly 50 pct.
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By the 2015 model yr, Lamborghini's automobile product range includes two model lines, both of which are generally mid-engine two-seat sports automobiles. The V12-powered Aventador line contains the LP 700-4 coupé along with roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing numerous SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for used in World Offshore Series Type 1 powerboats. A Lamborghini branded marine 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 your 1, 000 cc sports street bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring an example available through an Kent motorcycle retailer - of which 24 examples were produced with a Lamborghini alloy frame acquiring adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks in addition to Marvic wheels. The bodywork was cheap and fully integrated using front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Cycles.
Printed merchandiseLamborghini licenses its model to manufacturers that produce a variety of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining upon company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in specific was known for contemplating his road car business mostly a supply of funding for his engagement 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 worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development on the P400 prototype, they designed it to be a road car with rushing potential, one that could win within 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 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 came to building a true ethnic background car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by factory test driver Bob Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
Within the mid-1970s, while Lamborghini was underneath 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 needs. BMW lacked experience making a mid-engined vehicle and thought that Lamborghini's experience because area would make Lamborghini the perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind plan developing the car's structure and running gear. When Lamborghini failed to deliver working prototypes on time period, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named your M1, delivering the first car or truck in October 1978.
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