Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a polished grand touring car to take on offerings from established marques including Ferrari. The company's first versions, such as the 350 GT, were released in this mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti and René Leimer and outdated in 1974. The company went broke 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 simply 1984 and invested heavily in the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded through the Countach to include the Jalpa fancy car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control in the group's Audi division. New products and design lines were introduced for the brand's portfolio and given the market and saw a greater productivity for the manufacturer 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 %.
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Since the 2015 model season, Lamborghini's automobile product range includes two model lines, both of which are usually mid-engine two-seat sports automobiles. The V12-powered Aventador line includes the LP 700-4 coupé as well as roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing several SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for use in World Offshore Series Class 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu with) and outputs about 940 hp (seven hundred 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 good example available through an Kent motorcycle retailer - that will 24 examples were produced having a Lamborghini alloy frame having adjustable steering head angle, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks along with Marvic wheels. The bodywork was plastic material and fully integrated together with front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and made by French business Boxer Bikes.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce a range of Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would always be no factory-supported racing regarding Lamborghinis, viewing motorsport as too expensive and too draining on company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in specific was known for thinking of his road car business mostly a supply of funding for his participation in motor racing. Ferruccio's policy led to help tensions between him along with his engineers, many of whom had been racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development in the P400 prototype, they designed it to be a road car with rushing potential, one that could win about the track and also be driven traveling by enthusiasts. When Ferruccio discovered your project, he allowed them to look ahead, seeing it as a potential marketing device for that company, while insisting that it could not be raced. The P400 went onto become the Miura. The closest the company stumbled on building a true competition car under Lamborghini's supervision were some highly modified prototypes, including those built simply by factory test driver Joe Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW to produce, then manufacture 400 cars for BMW so that you can meet Group 4 homologation needs. BMW lacked experience developing a mid-engined vehicle and presumed that Lamborghini's experience as area would make Lamborghini a great choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind timetable developing the car's composition and running gear. When Lamborghini failed to supply working prototypes on moment, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the particular M1, delivering the first automobile in October 1978.
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