Making magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a polished grand touring car to take on offerings from established marques for example Ferrari. The company's first versions, such as the 350 GT, were released in this mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first ten years, but sales plunged inside wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti along with René Leimer and outdated in 1974. The company went bankrupt 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 simply by 1984 and invested heavily in the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded from your Countach to include the Jalpa sports car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control with the group's Audi division. New products and style lines were introduced to the brand's portfolio and delivered to the market and saw an elevated productivity for the model Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 pct.
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By the 2015 model yr, Lamborghini's automobile product range consists of two model lines, both of which are generally 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 collection currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to two times its car production by producing as much SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for easy use in World Offshore Series Category 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu within) and outputs around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports motorbike. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a case in point available through an London motorcycle retailer - that 24 examples were produced which has a Lamborghini alloy frame acquiring adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type and fully integrated together with front fairing merged into fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Bikes.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce many different Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would be no factory-supported racing connected with Lamborghinis, viewing motorsport as too costly and too draining upon company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in unique was known for considering his road car business mostly a way to obtain funding for his taking part in motor racing. Ferruccio's policy led in order to tensions between him along with his engineers, many of whom had been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development from the P400 prototype, they designed it becoming a road car with auto racing potential, one that could win on the track and also be driven on the road by enthusiasts. When Ferruccio discovered the project, he allowed them to look ahead, seeing it as the 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 reached building a true competition car under Lamborghini's supervision were several highly modified prototypes, including those built through factory test driver Bob Wallace, such as the Miura SV-based "Jota" and 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 an agreement with BMW to formulate, then manufacture 400 cars for BMW to be able to meet Group 4 homologation specifications. BMW lacked experience making a mid-engined vehicle and presumed that Lamborghini's experience as area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind plan developing the car's design and running gear. When Lamborghini failed to provide working prototypes on time, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the particular M1, delivering the first auto in October 1978.
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