Production magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the objective of producing a processed grand touring car to contest with offerings from established marques for example Ferrari. The company's first versions, such as the 350 GT, were released in the 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 the standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first a decade, but sales plunged from the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti in addition to René Leimer and outdated in 1974. The company went on the rocks in 1978, and was placed in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by 1984 and invested heavily from the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded from your Countach to include the Jalpa low rider and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it had been placed under the control with the group's Audi division. New products and type lines were introduced on the brand's portfolio and exposed to the market and saw a greater productivity for the company Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent recession, Lamborghini's sales saw some sort of drop of nearly 50 per cent.
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As of the 2015 model year, Lamborghini's automobile product range is made of two model lines, both of which are generally mid-engine two-seat sports vehicles. The V12-powered Aventador line is made of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as much SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a large 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 around 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - that 24 examples were produced with a Lamborghini alloy frame getting adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic-type and fully integrated along with front fairing merged in fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Motorcycles.
Brand name merchandiseLamborghini licenses its brand name to manufacturers that produce a range of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would become no factory-supported racing connected with Lamborghinis, viewing motorsport as too expensive and too draining about company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in distinct was known for taking into consideration his road car business mostly a way to obtain funding for his engagement in motor racing. Ferruccio's policy led to be able to tensions between him and his engineers, many of whom ended up racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development in the P400 prototype, they designed it to become 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 the particular project, he allowed them to go 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 located building a true ethnic background 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" as well as the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to produce, then manufacture 400 cars for BMW so that you can meet Group 4 homologation needs. BMW lacked experience making a mid-engined vehicle and assumed that Lamborghini's experience as area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind routine developing the car's construction and running gear. When Lamborghini failed to produce working prototypes on period, BMW took the program internal, 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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