Producing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a refined grand touring car to tackle offerings from established marques including Ferrari. The company's first products, such as the 350 GT, were released in the actual mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the 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 several years, but sales plunged in the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti and also René Leimer and retired in 1974. The company went broke in 1978, and was placed inside the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by simply 1984 and invested heavily within the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded in the Countach to include the Jalpa sports car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it had been placed under the control with the group's Audi division. New products and type lines were introduced for the brand's portfolio and given the market and saw an elevated productivity for the company Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent financial crisis, Lamborghini's sales saw the drop of nearly 50 %.
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As of the 2015 model yr, Lamborghini's automobile product range includes two model lines, both of which are usually mid-engine two-seat sports cars. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán brand 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 increase its car production by producing as much SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for use in World Offshore Series Course 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu in) and outputs roughly 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports bike. UK weekly newspaper Tandem News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - which 24 examples were produced with a Lamborghini alloy frame getting adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks along with Marvic wheels. The bodywork was cheap and fully integrated using front fairing merged straight into 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 Cycles.
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Brand merchandiseLamborghini licenses its brand name to manufacturers that produce many different Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing involving Lamborghinis, viewing motorsport as too expensive and too draining about company resources. [citation needed] This was unusual with the 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 of his road car business mostly a supply of funding for his engagement in motor racing. Ferruccio's policy led to help tensions between him and his engineers, many of whom were racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development with the P400 prototype, they designed it as a road car with racing potential, one that could win for the track and also be driven on the highway by enthusiasts. When Ferruccio discovered your 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 a number of highly modified prototypes, including those built by factory test driver Joe Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was underneath the 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 requirements. BMW lacked experience having a mid-engined vehicle and considered that Lamborghini's experience in this area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind schedule developing the car's composition and running gear. When Lamborghini failed to provide working prototypes on time period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named this M1, delivering the first auto in October 1978.
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