Manufacturing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a polished grand touring car to take on offerings from established marques such as Ferrari. The company's first versions, such as the 350 GT, were released in the actual mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars of 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 in addition to René Leimer and retired in 1974. The company went on the rocks in 1978, and was placed in the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by means of 1984 and invested heavily inside the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded in the Countach to include the Jalpa sports car and the LM002 good 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 as well as the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco along with Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it absolutely was placed under the control on the group's Audi division. New products and product lines were introduced on the brand's portfolio and given the market and saw an increased productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial system, Lamborghini's sales saw a new drop of nearly 50 %.
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By the 2015 model season, Lamborghini's automobile product range involves two model lines, both of which are generally mid-engine two-seat sports autos. The V12-powered Aventador line involves the LP 700-4 coupé in addition to roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as many SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for used in World Offshore Series Category 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu throughout) and outputs about 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports street 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 that has a Lamborghini alloy frame acquiring adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks as well as Marvic wheels. The bodywork was cheap and fully integrated together with front fairing merged straight into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Bicycles.
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Printed merchandiseLamborghini licenses its company to manufacturers that produce a variety of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would become no factory-supported racing regarding Lamborghinis, viewing motorsport as too costly and too draining about company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in unique was known for taking into consideration his road car business mostly a method to obtain funding for his involvement in motor racing. Ferruccio's policy led in order to tensions between him and also his engineers, many of whom were racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development in the P400 prototype, they designed it to be a road car with racing potential, one that could win about the track and also be driven traveling by enthusiasts. When Ferruccio discovered the particular project, he allowed them to go ahead, seeing it as some sort of potential marketing device for your company, while insisting that it would not be raced. The P400 went through to become the Miura. The closest the company found building a true race car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by factory test driver Joe Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was beneath 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 presumed that Lamborghini's experience in this area would make Lamborghini a perfect 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 deliver working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named this M1, delivering the first vehicle in October 1978.
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