Manufacturing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a polished grand touring car to tackle offerings from established marques including Ferrari. The company's first products, such as the 350 GT, were released in the actual mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti in addition to René Leimer and launched onto in 1974. The company went insolvent in 1978, and was placed in the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by simply 1984 and invested heavily in the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded on the Countach to include the Jalpa expensive car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it turned out placed under the control of the group's Audi division. New products and design lines were introduced on the brand's portfolio and exposed to the market and saw a heightened productivity for the brand Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent recession, Lamborghini's sales saw a drop of nearly 50 per cent.
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As of the 2015 model 12 months, Lamborghini's automobile product range contains two model lines, both of which usually are mid-engine two-seat sports cars. The V12-powered Aventador line is made of the LP 700-4 coupé and also roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to two times its car production by producing as many SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for used in World Offshore Series Class 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu throughout) and outputs roughly 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring an example available through an Essex motorcycle retailer - in which 24 examples were produced having a Lamborghini alloy frame obtaining adjustable steering head angle, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type material and fully integrated with front fairing merged directly into fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Bicycles.
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Brand merchandiseLamborghini licenses its brand to manufacturers that produce various Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as very costly 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 particular was known for thinking about his road car business mostly a cause of funding for his contribution in motor racing. Ferruccio's policy led to tensions between him and his engineers, many of whom had been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development in the P400 prototype, they designed it becoming a road car with race potential, one that could win for the track and also be driven while travelling by enthusiasts. When Ferruccio discovered this project, he allowed them to search ahead, seeing it as some sort of potential marketing device for your company, while insisting that it will not be raced. The P400 went to become the Miura. The closest the company found building a true contest car under Lamborghini's supervision were a number of highly modified prototypes, including those built through factory test driver William Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was within the 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 specifications. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience in this area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind timetable developing the car's design and running gear. When Lamborghini failed to supply working prototypes on occasion, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named this M1, delivering the first auto in October 1978.
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