Making magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a polished grand touring car to compete with offerings from established marques such as Ferrari. The company's first types, such as the 350 GT, were released in the actual 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 since the standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first decade, but sales plunged inside the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and also René Leimer and on in 1974. The company went insolvent in 1978, and was placed within the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by simply 1984 and invested heavily inside company's expansion. Under the Mimrans' supervision, 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 the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it turned out placed under the control from the group's Audi division. New products and design lines were introduced to the brand's portfolio and exposed to the market and saw a greater productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial system, Lamborghini's sales saw a drop of nearly 50 %.
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Adjusted the 2015 model calendar year, Lamborghini's automobile product range includes two model lines, both of which are mid-engine two-seat sports cars. The V12-powered Aventador line involves 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 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 substantial V12 marine engine block for use within World Offshore Series Class 1 powerboats. A Lamborghini branded underwater 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 your 1, 000 cc sports street motorcycle. UK weekly newspaper Motor bike News reported in 1994 - when featuring a case in point available through an Kent motorcycle retailer - that will 24 examples were produced with a Lamborghini alloy frame possessing adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic and fully integrated with front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Bikes.
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Brand name merchandiseLamborghini licenses its brand name to manufacturers that produce a number of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would become no factory-supported racing regarding Lamborghinis, viewing motorsport as too costly and too draining with company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in certain was known for thinking about his road car business mostly a cause of funding for his involvement in motor racing. Ferruccio's policy led to be able to tensions between him along with his engineers, many of whom have been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development of the P400 prototype, they designed it as a road car with sporting potential, one that could win about the track and also be driven while travelling by enthusiasts. When Ferruccio discovered your project, he allowed them to look ahead, seeing it as any potential marketing device for the company, while insisting that it'd not be raced. The P400 went through to become the Miura. The closest the company reached building a true battle car under Lamborghini's supervision were some highly modified prototypes, including those built simply by factory test driver Joe 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 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 prerequisites. BMW lacked experience making a mid-engined vehicle and assumed that Lamborghini's experience as area would make Lamborghini the best choice of partner. Due to Lamborghini's shaky 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 in house, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named the M1, delivering the first car or truck in October 1978.
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