Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a sophisticated 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 your mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars in the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and also René Leimer and outdated in 1974. The company went bankrupt in 1978, and was placed inside the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the business out of receivership by 1984 and invested heavily within the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded through the Countach to include the Jalpa sports car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach using 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 Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it turned out placed under the control with the group's Audi division. New products and product lines were introduced for the brand's portfolio and delivered to the market and saw a higher productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent recession, Lamborghini's sales saw the drop of nearly 50 %.
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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 autos. The V12-powered Aventador line contains the LP 700-4 coupé as well as 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 twice its car production by producing numerous SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for use within World Offshore Series Category 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu inside) and outputs approximately 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports street motorcycle. UK weekly newspaper Motor cycle 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 getting adjustable steering head angle, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks as well as Marvic wheels. The bodywork was plastic and fully integrated using front fairing merged directly into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and made by French business Boxer Motorcycles.
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Brand name merchandiseLamborghini licenses its model to manufacturers that produce a range of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining on company resources. [citation needed] This was unusual to 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 particular was known for contemplating his road car business mostly a method to obtain funding for his involvement in motor racing. Ferruccio's policy led to tensions between him along with his engineers, many of whom have been racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development on the P400 prototype, they designed it becoming a road car with sporting potential, one that could win for the track and also be driven while travelling by enthusiasts. When Ferruccio discovered the actual project, he allowed them to go ahead, seeing it as some sort of potential marketing device for that company, while insisting that it will not be raced. The P400 went to become the Miura. The closest the company found building a true race car under Lamborghini's supervision were a number of highly modified prototypes, including those built by means of factory test driver Chad Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation specifications. BMW lacked experience possessing a mid-engined vehicle and assumed that Lamborghini's experience in this area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind routine developing the car's construction and running gear. When Lamborghini failed to supply working prototypes on occasion, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the particular M1, delivering the first vehicle in October 1978.
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