Creation magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a refined grand touring car to compete with offerings from established marques for instance Ferrari. The company's first types, such as the 350 GT, were released in the mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first a decade, but sales plunged from the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and René Leimer and outdated in 1974. The company went bankrupt in 1978, and was placed inside the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the business out of receivership by 1984 and invested heavily from the company's expansion. Under the Mimrans' managing, 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 all the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it turned out placed under the control of the group's Audi division. New products and style lines were introduced towards brand's portfolio and given the market and saw an elevated productivity for the model Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent overall economy, Lamborghini's sales saw some sort of drop of nearly 50 %.
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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 tend to be mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé and roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as many SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for easy use in World Offshore Series Course 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu with) and outputs around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports street motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a good example available through an Kent motorcycle retailer - that will 24 examples were produced using a Lamborghini alloy frame obtaining adjustable steering head position, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks and Marvic wheels. The bodywork was plastic and fully integrated with front fairing merged in to fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were designed by Lamborghini stylists and made by French business Boxer Bicycles.
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Brand merchandiseLamborghini licenses its brand name to manufacturers that produce a variety of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would be no factory-supported racing connected with Lamborghinis, viewing motorsport as very costly and too draining in company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in unique was known for thinking of his road car business mostly a cause of funding for his contribution in motor racing. Ferruccio's policy led to be able to tensions between him and his engineers, many of whom were racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development in the P400 prototype, they designed it becoming a road car with racing potential, one that could win on the track and also be driven while travelling by enthusiasts. When Ferruccio discovered the project, he allowed them to visit ahead, seeing it as a new potential marketing device to the company, while insisting that it would not be raced. The P400 went to become the Miura. The closest the company stumbled on building a true contest car under Lamborghini's supervision were several highly modified prototypes, including those built through factory test driver William Wallace, such as the Miura SV-based "Jota" as well as the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to formulate, then manufacture 400 cars for BMW as a way to meet Group 4 homologation prerequisites. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience because area would make Lamborghini the perfect 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 moment, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the actual M1, delivering the first automobile in October 1978.
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