Production magnate Italian Ferruccio Lamborghini founded the organization 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 types, such as the 350 GT, were released in the particular mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that 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 decade, but sales plunged within the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti along with René Leimer and outdated in 1974. The company went bankrupt in 1978, and was placed from the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the business out of receivership by simply 1984 and invested heavily inside company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded in the Countach to include the Jalpa fancy car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control from the group's Audi division. New products and design lines were introduced towards brand's portfolio and exposed to the market and saw an elevated productivity for the brand Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial crisis, Lamborghini's sales saw some sort of drop of nearly 50 percent.
At the time of the 2015 model 12 months, Lamborghini's automobile product range contains two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé along with roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing several SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for use in World Offshore Series Class 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu with) and outputs approximately 940 hp (700 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 a sample available through an Essex motorcycle retailer - that 24 examples were produced with a Lamborghini alloy frame possessing adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks and Marvic wheels. The bodywork was plastic-type material and fully integrated having front fairing merged directly into fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Bicycles.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce many different Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning 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 for your time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in certain was known for contemplating his road car business mostly a cause of funding for his involvement in motor racing. Ferruccio's policy led 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 time to the development with the P400 prototype, they designed it as a road car with race potential, one that could win for the track and also be driven traveling by enthusiasts. When Ferruccio discovered the particular 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 on become the Miura. The closest the company found building a true competition car under Lamborghini's supervision were several highly modified prototypes, including those built simply by factory test driver William Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW to produce, then manufacture 400 cars for BMW in order to meet Group 4 homologation specifications. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience in this area would make Lamborghini the best choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind schedule developing the car's design and running gear. When Lamborghini failed to provide working prototypes on time period, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the M1, delivering the first car or truck in October 1978.
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