Producing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a sophisticated grand touring car to take on offerings from established marques such as Ferrari. The company's first products, such as the 350 GT, were released in the particular mid-1960s and were noted with regards to 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 of the era.Lamborghini grew rapidly during its first decade, but sales plunged inside the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti in addition to René Leimer and retired in 1974. The company went insolvent in 1978, and was placed in the receivership of brothers Jean-Claude and 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' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa sports vehicle and the LM002 top rated 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 to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it had been placed under the control of the group's Audi division. New products and product lines were introduced towards the brand's portfolio and brought to the market and saw an increased productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent economic crisis, Lamborghini's sales saw some sort of drop of nearly 50 %.
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Since the 2015 model yr, Lamborghini's automobile product range includes two model lines, both of which are usually mid-engine two-seat sports vehicles. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as your less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as many SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for used in World Offshore Series Type 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu inside) and outputs about 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 Tandem News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - that 24 examples were produced which has a Lamborghini alloy frame getting adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks along with Marvic wheels. The bodywork was cheap and fully integrated along with front fairing merged in to 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 Motorbikes.
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Top quality merchandiseLamborghini licenses its model to manufacturers that produce various Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as very costly and too draining upon company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in certain was known for contemplating his road car business mostly a source of funding for his contribution in motor racing. Ferruccio's policy led to help tensions between him in addition to his engineers, many of whom were racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development on the P400 prototype, they designed it becoming a road car with racing potential, one that could win on the track and also be driven on the highway by enthusiasts. When Ferruccio discovered your project, he allowed them to travel ahead, seeing it as a potential marketing device for that company, while insisting that it will not be raced. The P400 went on to become the Miura. The closest the company came to building a true battle car under Lamborghini's supervision were a number of highly modified prototypes, including those built by simply factory test driver Chad 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 within the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to develop, then manufacture 400 cars for BMW so as to meet Group 4 homologation needs. BMW lacked experience possessing a mid-engined vehicle and thought that Lamborghini's experience as area would make Lamborghini a perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind routine developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on moment, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named your M1, delivering the first car in October 1978.
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