Making magnate Italian Ferruccio Lamborghini founded this company in 1963 with the objective of producing a processed grand touring car to take on 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 their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first ten years, but sales plunged within the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti and also René Leimer and outdated in 1974. The company went bankrupt in 1978, and was placed within the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the company out of receivership simply by 1984 and invested heavily inside company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded in the Countach to include the Jalpa sports vehicle and the LM002 top rated 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 along with Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it turned out placed under the control with the group's Audi division. New products and design lines were introduced towards brand's portfolio and brought to the market and saw a heightened productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent financial system, Lamborghini's sales saw a new drop of nearly 50 percent.
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Since the 2015 model season, Lamborghini's automobile product range contains two model lines, both of which are mid-engine two-seat sports vehicles. The V12-powered Aventador line includes the LP 700-4 coupé and roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing as much SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for easy use in World Offshore Series Class 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu within) and outputs approximately 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports motorcycle. UK weekly newspaper Motor bike News reported in 1994 - when featuring a sample available through an Essex motorcycle retailer - which 24 examples were produced using a Lamborghini alloy frame obtaining adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks and Marvic wheels. The bodywork was plastic and fully integrated together with front fairing merged in fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Motorbikes.
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Branded merchandiseLamborghini licenses its manufacturer 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 his rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning 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 as a result of motorsport participation. Enzo Ferrari in unique was known for considering his road car business mostly a supply of funding for his participation in motor racing. Ferruccio's policy led to be able to tensions between him as well as his engineers, many of whom had been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development from the P400 prototype, they designed it to be a road car with race potential, one that could win within the track and also be driven on your way by enthusiasts. When Ferruccio discovered the actual project, he allowed them to look ahead, seeing it as any potential marketing device for that company, while insisting that it might not be raced. The P400 went on become the Miura. The closest the company reached building a true competition car under Lamborghini's supervision were a few highly modified prototypes, including those built by factory test driver Frank Wallace, such as the Miura SV-based "Jota" as well as the Jarama S-based "Bob Wallace Special".
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Inside the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW in order to develop, then manufacture 400 cars for BMW so as to meet Group 4 homologation needs. BMW lacked experience making 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 shaky finances, Lamborghini fell behind timetable developing the car's framework and running gear. When Lamborghini failed to provide working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the M1, delivering the first car in October 1978.
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