Manufacturing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a sophisticated grand touring car to tackle offerings from established marques for example Ferrari. The company's first types, such as the 350 GT, were released in this mid-1960s and were noted for his or her refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first ten years, but sales plunged within the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti and René Leimer and on in 1974. The company went belly up in 1978, and was placed from the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership simply by 1984 and invested heavily from the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded from your Countach to include the Jalpa fancy car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it had been placed under the control in the group's Audi division. New products and design lines were introduced for the brand's portfolio and brought to the market and saw a heightened productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial system, Lamborghini's sales saw some sort of drop of nearly 50 percentage.
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As of the 2015 model yr, Lamborghini's automobile product range consists of two model lines, both of which usually are mid-engine two-seat sports autos. The V12-powered Aventador line contains the LP 700-4 coupé and roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as your less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to two times its car production by producing as numerous SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for use in World Offshore Series Course 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu inside) and outputs approximately 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports street motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - that 24 examples were produced having a Lamborghini alloy frame acquiring adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks as well as Marvic wheels. The bodywork was plastic and fully integrated along with front fairing merged directly into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Cycles.
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Brand name merchandiseLamborghini licenses its model to manufacturers that produce various Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would become no factory-supported racing connected with Lamborghinis, viewing motorsport as very costly and too draining on company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in particular was known for thinking about his road car business mostly a cause of funding for his taking part in motor racing. Ferruccio's policy led to tensions between him as well as his engineers, many of whom ended up racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development with the P400 prototype, they designed it as a road car with race potential, one that could win about the track and also be driven on the highway by enthusiasts. When Ferruccio discovered the particular project, he allowed them to search ahead, seeing it as the potential marketing device to the company, while insisting that it could not be raced. The P400 went onto become the Miura. The closest the company reached building a true battle car under Lamborghini's supervision were several highly modified prototypes, including those built simply by factory test driver William Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW to build up, then manufacture 400 cars for BMW so as to meet Group 4 homologation requirements. BMW lacked experience creating a mid-engined vehicle and presumed that Lamborghini's experience in this area would make Lamborghini a great choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind plan developing the car's construction and running gear. When Lamborghini failed to offer working prototypes on moment, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the M1, delivering the first vehicle in October 1978.
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