Production magnate Italian Ferruccio Lamborghini founded the business in 1963 with the objective of producing a polished grand touring car to contend with offerings from established marques for example Ferrari. The company's first versions, such as the 350 GT, were released in the particular mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first several years, but sales plunged in the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and also René Leimer and upon the market in 1974. The company went on the rocks in 1978, and was placed inside receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership by 1984 and invested heavily in the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded from your Countach to include the Jalpa sports vehicle and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini on the Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control on the group's Audi division. New products and design lines were introduced for the brand's portfolio and exposed to the market and saw an increased productivity for the company Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent financial system, Lamborghini's sales saw the drop of nearly 50 %.
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At the time of the 2015 model year, Lamborghini's automobile product range is made of two model lines, both of which tend to be mid-engine two-seat sports automobiles. The V12-powered Aventador line is made of the LP 700-4 coupé along with roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as much SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for easy use in World Offshore Series Category 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu with) and outputs about 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street bike. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a sample available through an London motorcycle retailer - that will 24 examples were produced which has a Lamborghini alloy frame possessing adjustable steering head angle, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic-type material and fully integrated along with front fairing merged in fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and manufactured by French business Boxer Bicycles.
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Printed merchandiseLamborghini licenses its manufacturer to manufacturers that produce various Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would possibly be no factory-supported racing connected with Lamborghinis, viewing motorsport as too expensive and too draining upon company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in specific was known for contemplating his road car business mostly a cause of funding for his engagement in motor racing. Ferruccio's policy led to tensions between him and his engineers, many of whom were being racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development with the P400 prototype, they designed it to become a road car with race potential, one that could win within the track and also be driven traveling by enthusiasts. When Ferruccio discovered the actual project, he allowed them to look ahead, seeing it as a new potential marketing device to the company, while insisting that it will not be raced. The P400 went on become the Miura. The closest the company came to building a true battle car under Lamborghini's supervision were a few highly modified prototypes, including those built by means of factory test driver Bob Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to develop, then manufacture 400 cars for BMW in order to meet Group 4 homologation needs. BMW lacked experience creating a mid-engined vehicle and assumed that Lamborghini's experience in this area would make Lamborghini the best choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind timetable developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on occasion, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the M1, delivering the first automobile in October 1978.
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