Making magnate Italian Ferruccio Lamborghini founded this company in 1963 with the objective of producing a polished grand touring car to compete with offerings from established marques such as Ferrari. The company's first versions, such as the 350 GT, were released in the particular 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 with the era.Lamborghini grew rapidly during its first ten years, but sales plunged inside the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti in addition to René Leimer and launched onto in 1974. The company went bankrupt in 1978, and was placed inside the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by means of 1984 and invested heavily inside company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded in the Countach to include the Jalpa expensive 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 also the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco along with Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it was placed under the control on the group's Audi division. New products and product lines were introduced to the brand's portfolio and exposed to the market and saw a heightened productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial system, Lamborghini's sales saw some sort of drop of nearly 50 pct.
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Adjusted the 2015 model yr, Lamborghini's automobile product range includes two model lines, both of which are generally mid-engine two-seat sports cars and trucks. The V12-powered Aventador line involves the LP 700-4 coupé and roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and 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 because sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for used in World Offshore Series Class 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu inside) and outputs about 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports street motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - that will 24 examples were produced using a Lamborghini alloy frame having adjustable steering head angle, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks as well as Marvic wheels. The bodywork was plastic material and fully integrated together with front fairing merged directly into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Motorbikes.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce various Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would become no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining in company resources. [citation needed] This was unusual for 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 specific was known for thinking about his road car business mostly a way to obtain funding for his involvement in motor racing. Ferruccio's policy led to be able to tensions between him and his engineers, many of whom have been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development of the P400 prototype, they designed it to become a road car with auto racing potential, one that could win around the track and also be driven traveling by enthusiasts. When Ferruccio discovered the project, he allowed them to search ahead, seeing it as the potential marketing device to the company, while insisting that it'd not be raced. The P400 went on become the Miura. The closest the company reached building a true ethnic background car under Lamborghini's supervision were a few highly modified prototypes, including those built through factory test driver Frank Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW to formulate, then manufacture 400 cars for BMW so as to meet Group 4 homologation requirements. BMW lacked experience creating 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 unstable finances, Lamborghini fell behind schedule developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on time period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the particular M1, delivering the first car in October 1978.
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