Producing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a processed grand touring car to contend with offerings from established marques for instance Ferrari. The company's first types, such as the 350 GT, were released in the particular mid-1960s and were noted for their 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 with the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and René Leimer and retired in 1974. The company went insolvent in 1978, and was placed within the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the company out of receivership simply by 1984 and invested heavily from the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded in the Countach to include the Jalpa low rider and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa along with 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 on the Volkswagen Group where ıt had been placed under the control on the group's Audi division. New products and product lines were introduced towards brand's portfolio and taken to the market and saw a higher productivity for the company Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent recession, Lamborghini's sales saw some sort of drop of nearly 50 percentage.
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At the time of the 2015 model season, Lamborghini's automobile product range consists of two model lines, both of which tend to be mid-engine two-seat sports vehicles. The V12-powered Aventador line contains the LP 700-4 coupé as well as roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as many SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for easy use in World Offshore Series School 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu in) 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 Tandem News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - which 24 examples were produced with a Lamborghini alloy frame having adjustable steering head position, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks in addition to Marvic wheels. The bodywork was cheap and fully integrated having front fairing merged in to fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Motorbikes.
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Printed merchandiseLamborghini licenses its brand to manufacturers that produce a range of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would end up being no factory-supported racing involving Lamborghinis, viewing motorsport as too costly and too draining with company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in distinct was known for thinking about his road car business mostly a source of funding for his participation in motor racing. Ferruccio's policy led to tensions between him and also his engineers, many of whom had been racing enthusiasts; some had previously proved helpful 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 about the track and also be driven on your way by enthusiasts. When Ferruccio discovered your project, he allowed them to search ahead, seeing it as some sort of potential marketing device to the company, while insisting that it might not be raced. The P400 went through to become the Miura. The closest the company located building a true race car under Lamborghini's supervision were some highly modified prototypes, including those built by simply factory test driver William Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to formulate, then manufacture 400 cars for BMW as a way to meet Group 4 homologation needs. BMW lacked experience having a mid-engined vehicle and thought that Lamborghini's experience for the reason that area would make Lamborghini the best choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind plan developing the car's framework and running gear. When Lamborghini failed to deliver working prototypes on occasion, BMW took the program inside, 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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