Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a processed grand touring car to compete with offerings from established marques for instance Ferrari. The company's first models, such as the 350 GT, were released in your mid-1960s and were noted because of their 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 a decade, but sales plunged within the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti in addition to René Leimer and launched onto in 1974. The company went broke in 1978, and was placed within the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by simply 1984 and invested heavily in the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini on 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 help Malaysian investment group Mycom Setdco along with Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where it was placed under the control with the group's Audi division. New products and design lines were introduced on the brand's portfolio and given the market and saw an elevated productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 pct.
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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 mid-engine two-seat sports vehicles. The V12-powered Aventador line is made of the LP 700-4 coupé as well as roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for utilization in World Offshore Series School 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu within) and outputs roughly 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports motorbike. UK weekly newspaper Tandem News reported in 1994 - when featuring a sample available through an London motorcycle retailer - that will 24 examples were produced that has a Lamborghini alloy frame obtaining adjustable steering head position, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks and also Marvic wheels. The bodywork was plastic material and fully integrated with front fairing merged straight into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and made by French business Boxer Bikes.
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Brand name merchandiseLamborghini licenses its model to manufacturers that produce a variety of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing involving Lamborghinis, viewing motorsport as very costly and too draining on company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in particular was known for considering his road car business mostly a cause of funding for his participation in motor racing. Ferruccio's policy led in order to tensions between him and his engineers, many of whom were being racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development in the P400 prototype, they designed it as a road car with auto racing potential, one that could win about the track and also be driven on the road by enthusiasts. When Ferruccio discovered your project, he allowed them to look ahead, seeing it as the potential marketing device for the company, while insisting that it could not be raced. The P400 went onto become the Miura. The closest the company came to building a true contest car under Lamborghini's supervision were a number of highly modified prototypes, including those built simply by factory test driver Chad Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW to formulate, then manufacture 400 cars for BMW so as to meet Group 4 homologation requirements. BMW lacked experience developing a mid-engined vehicle and assumed that Lamborghini's experience for the reason that area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind program developing the car's construction and running gear. When Lamborghini failed to supply working prototypes on time, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the particular M1, delivering the first car or truck in October 1978.
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