Production magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a polished grand touring car to compete with offerings from established marques including Ferrari. The company's first models, such as the 350 GT, were released in the actual mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first a decade, but sales plunged inside the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti along with René Leimer and on in 1974. The company went on the rocks in 1978, and was placed from the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased this company out of receivership through 1984 and invested heavily inside the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it absolutely was placed under the control from the group's Audi division. New products and model lines were introduced towards the brand's portfolio and delivered to the market and saw a greater productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent recession, Lamborghini's sales saw any drop of nearly 50 %.
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By the 2015 model calendar year, Lamborghini's automobile product range involves two model lines, both of which are usually mid-engine two-seat sports automobiles. The V12-powered Aventador line is made of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing numerous SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use in World Offshore Series School 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu within) and outputs about 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports street bike. UK weekly newspaper Bike News reported in 1994 - when featuring an example available through an London motorcycle retailer - that will 24 examples were produced with a Lamborghini alloy frame having adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic-type material and fully integrated using front fairing merged directly into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and made by French business Boxer Motorbikes.
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Brand merchandiseLamborghini licenses its brand to manufacturers that produce various Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining about company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in particular was known for taking into consideration his road car business mostly a cause of funding for his engagement in motor racing. Ferruccio's policy led to be able to tensions between him and also his engineers, many of whom were racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development with the P400 prototype, they designed it as a road car with sporting potential, one that could win about the track and also be driven on the highway by enthusiasts. When Ferruccio discovered your project, he allowed them to visit ahead, seeing it as any potential marketing device with the company, while insisting that it'd 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 couple of highly modified prototypes, including those built by means of factory test driver William Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW 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 believed that Lamborghini's experience in this area would make Lamborghini the best 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 offer working prototypes on occasion, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the M1, delivering the first auto in October 1978.
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