Manufacturing magnate Italian Ferruccio Lamborghini founded this company in 1963 with the objective of producing a processed grand touring car to compete with offerings from established marques for example Ferrari. The company's first models, such as the 350 GT, were released in the mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first 10 years, but sales plunged from the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti in addition to René Leimer and upon the market in 1974. The company went broke in 1978, and was placed within 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' operations, Lamborghini's model line was expanded on the Countach to include the Jalpa low rider and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco in addition to 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 on the group's Audi division. New products and type lines were introduced for the brand's portfolio and exposed to the market and saw a greater productivity for the model Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent financial system, Lamborghini's sales saw any drop of nearly 50 pct.
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As of the 2015 model 12 months, Lamborghini's automobile product range includes two model lines, both of which are mid-engine two-seat sports cars and trucks. The V12-powered Aventador line consists of the LP 700-4 coupé and also roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing several SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for use within World Offshore Series Type 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu throughout) and outputs approximately 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports street motorcycle. UK weekly newspaper Bike News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - that will 24 examples were produced using a Lamborghini alloy frame getting adjustable steering head angle, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks as well as Marvic wheels. The bodywork was plastic and fully integrated with front fairing merged into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Motorbikes.
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Top quality merchandiseLamborghini licenses its brand to manufacturers that produce many different 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 in the beginning that there would become no factory-supported racing involving 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 as a result of motorsport participation. Enzo Ferrari in specific was known for considering his road car business mostly a way to obtain funding for his participation in motor racing. Ferruccio's policy led in order to tensions between him and his engineers, many of whom were racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development from the P400 prototype, they designed it as a road car with sporting potential, one that could win within the track and also be driven on your way by enthusiasts. When Ferruccio discovered the project, he allowed them to visit ahead, seeing it as a potential marketing device for that company, while insisting that it might not be raced. The P400 went through to become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were a couple of highly modified prototypes, including those built through factory test driver Bob 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 underneath the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW in order to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation needs. BMW lacked experience possessing a mid-engined vehicle and believed that Lamborghini's experience because area would make Lamborghini a great choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind schedule developing the car's structure 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 generate the car, which BMW named the actual M1, delivering the first car or truck in October 1978.
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