Producing magnate Italian Ferruccio Lamborghini founded this company in 1963 with the objective of producing a enhanced grand touring car to contend with offerings from established marques like Ferrari. The company's first types, such as the 350 GT, were released in the actual mid-1960s and were noted for his or her refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first ten years, but sales plunged from the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti in addition to René Leimer and upon the market in 1974. The company went belly up in 1978, and was placed from the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the business out of receivership simply by 1984 and invested heavily in the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded from the Countach to include the Jalpa sports vehicle and the LM002 high performance 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 also the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control with the group's Audi division. New products and product lines were introduced towards brand's portfolio and brought to the market and saw a heightened productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent economic crisis, Lamborghini's sales saw a new drop of nearly 50 %.
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At the time of the 2015 model season, Lamborghini's automobile product range consists of two model lines, both of which are mid-engine two-seat sports cars. The V12-powered Aventador line consists of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for utilization in World Offshore Series Type 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu throughout) and outputs somewhere around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a good example available through an London motorcycle retailer - which 24 examples were produced using a Lamborghini alloy frame possessing adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks and also Marvic wheels. The bodywork was plastic-type material and fully integrated along with front fairing merged in to fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Motorcycles.
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Branded 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 pcs.In contrast to their 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 the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in particular was known for thinking of his road car business mostly a way to obtain funding for his taking part in motor racing. Ferruccio's policy led to be able to tensions between him and his engineers, many of whom were being racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development from the P400 prototype, they designed it as a road car with sporting potential, one that could win for the track and also be driven on your way by enthusiasts. When Ferruccio discovered the actual project, he allowed them to go ahead, seeing it as a potential marketing device with the company, while insisting that it will not be raced. The P400 went onto become the Miura. The closest the company came to building a true battle car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by factory test driver Chad Wallace, such as the Miura SV-based "Jota" and also 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 the agreement with BMW to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation specifications. BMW lacked experience having a mid-engined vehicle and believed that Lamborghini's experience in this area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind routine developing the car's construction and running gear. When Lamborghini failed to offer working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named this M1, delivering the first car or truck in October 1978.
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