Manufacturing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the objective of producing a processed grand touring car to contend with offerings from established marques such as Ferrari. The company's first models, such as the 350 GT, were released in the mid-1960s and were noted for his or her refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for 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 10 years, but sales plunged in the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti as well as René Leimer and launched onto in 1974. The company went on the rocks in 1978, and was placed within the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the 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 from your Countach to include the Jalpa expensive car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini on the Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini for you 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 towards the Volkswagen Group where it was placed under the control with the group's Audi division. New products and type lines were introduced for the brand's portfolio and exposed to the market and saw an increased productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial disaster 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 is made of two model lines, both of which usually are mid-engine two-seat sports vehicles. The V12-powered Aventador line involves the LP 700-4 coupé as well as roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as many SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for use in World Offshore Series Type 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu with) and outputs about 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports street motorcycle. UK weekly newspaper Bike News reported in 1994 - when featuring an illustration available through an Essex motorcycle retailer - of which 24 examples were produced with a Lamborghini alloy frame getting adjustable steering head position, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks along with Marvic wheels. The bodywork was plastic and fully integrated having front fairing merged in to fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and manufactured by French business Boxer Bikes.
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Printed merchandiseLamborghini licenses its brand name to manufacturers that produce a number of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would possibly be no factory-supported racing associated with Lamborghinis, viewing motorsport as very costly and too draining upon company resources. [citation needed] This was unusual for that 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 thinking about his road car business mostly a supply of funding for his taking part in motor racing. Ferruccio's policy led for you to tensions between him as well as his engineers, many of whom ended up racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development in the P400 prototype, they designed it to become a road car with rushing potential, one that could win within the track and also be driven on the road by enthusiasts. When Ferruccio discovered the actual project, he allowed them to search ahead, seeing it as a new potential marketing device for the company, while insisting that it will not be raced. The P400 went on become the Miura. The closest the company reached building a true contest car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by means of factory test driver Chad Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW to produce, then manufacture 400 cars for BMW in order to meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and thought that Lamborghini's experience in that area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind routine developing the car's design and running gear. When Lamborghini failed to deliver working prototypes on occasion, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named this M1, delivering the first auto in October 1978.
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