Production magnate Italian Ferruccio Lamborghini founded this company in 1963 with the aim of producing a polished grand touring car to contend with offerings from established marques including Ferrari. The company's first models, such as the 350 GT, were released in the mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars on 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 with the company to Georges-Henri Rossetti and also René Leimer and launched onto in 1974. The company went insolvent in 1978, and was placed within the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by simply 1984 and invested heavily in the company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded in 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 while using the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it absolutely was placed under the control with the group's Audi division. New products and design lines were introduced towards the brand's portfolio and delivered to the market and saw an increased productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent financial system, Lamborghini's sales saw a drop of nearly 50 percent.
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At the time of the 2015 model calendar year, Lamborghini's automobile product range is made of two model lines, both of which are generally mid-engine two-seat sports vehicles. The V12-powered Aventador line is made of the LP 700-4 coupé and also roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing as much SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a sizable 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 inside) and outputs around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - that 24 examples were produced which has a Lamborghini alloy frame getting adjustable steering head position, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks and Marvic wheels. The bodywork was plastic-type material and fully integrated having front fairing merged in to fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Bicycles.
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Brand merchandiseLamborghini licenses its brand to manufacturers that produce a variety of Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would be no factory-supported racing of Lamborghinis, viewing motorsport as too expensive and too draining with company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in particular was known for thinking of his road car business mostly a source of funding for his taking part in motor racing. Ferruccio's policy led to be able to tensions between him and also his engineers, many of whom were being racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development on the P400 prototype, they designed it as a road car with auto racing potential, one that could win for the track and also be driven on the road by enthusiasts. When Ferruccio discovered the actual project, he allowed them to travel ahead, seeing it as some sort of potential marketing device for that company, while insisting that it would not be raced. The P400 went onto become the Miura. The closest the company came to building a true battle car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by factory test driver Chad Wallace, such as the Miura SV-based "Jota" as well as 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 great agreement with BMW in order to develop, then manufacture 400 cars for BMW so as to meet Group 4 homologation demands. BMW lacked experience possessing a mid-engined vehicle and assumed that Lamborghini's experience as area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind program developing the car's design and running gear. When Lamborghini failed to produce working prototypes on time period, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named your M1, delivering the first auto in October 1978.
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