Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a enhanced grand touring car to compete with offerings from established marques for example Ferrari. The company's first products, such as the 350 GT, were released in your mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for your Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti as well as René Leimer and launched onto in 1974. The company went on the rocks in 1978, and was placed inside the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the company out of receivership through 1984 and invested heavily inside the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded through the Countach to include the Jalpa fancy car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where ıt had been placed under the control with the group's Audi division. New products and design lines were introduced for the brand's portfolio and taken to the market and saw a heightened productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent financial system, Lamborghini's sales saw any drop of nearly 50 per cent.
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By the 2015 model yr, Lamborghini's automobile product range contains 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 line currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the particular 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 huge V12 marine engine block for use in World Offshore Series Course 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu inside) and outputs roughly 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports bike. UK weekly newspaper Motor cycle News reported in 1994 - when featuring an example available through an Kent motorcycle retailer - of which 24 examples were produced using a Lamborghini alloy frame possessing adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks as well as Marvic wheels. The bodywork was plastic material and fully integrated together with front fairing merged into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and made by French business Boxer Bikes.
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Brand name merchandiseLamborghini licenses its model to manufacturers that produce many different Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning 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 that time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in particular was known for taking into consideration his road car business mostly a supply of funding for his contribution in motor racing. Ferruccio's policy led to help tensions between him and his engineers, many of whom have been racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development on 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 visit ahead, seeing it as a new potential marketing device to the company, while insisting that it would not be raced. The P400 went through to become the Miura. The closest the company stumbled on building a true contest car under Lamborghini's supervision were several 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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Inside the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW in order to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation requirements. BMW lacked experience developing a mid-engined vehicle and believed that Lamborghini's experience for the reason that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind program developing the car's design and running gear. When Lamborghini failed to produce working prototypes on moment, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the M1, delivering the first vehicle in October 1978.
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