Creation magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a polished grand touring car to contest with offerings from established marques such as Ferrari. The company's first designs, 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 the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first a decade, but sales plunged inside the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and René Leimer and retired in 1974. The company went broke in 1978, and was placed within the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership by 1984 and invested heavily within the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded from the Countach to include the Jalpa expensive car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco and also Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it absolutely was placed under the control in the group's Audi division. New products and type lines were introduced on the brand's portfolio and exposed to the market and saw an elevated productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 per cent.
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As of the 2015 model 12 months, Lamborghini's automobile product range includes two model lines, both of which usually are mid-engine two-seat sports cars. The V12-powered Aventador line is made of the LP 700-4 coupé along with roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé and 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 several SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for utilization in World Offshore Series School 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu throughout) 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 street bike. UK weekly newspaper Tandem News reported in 1994 - when featuring a sample available through an Kent motorcycle retailer - that will 24 examples were produced with a Lamborghini alloy frame acquiring 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 directly into fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Motorbikes.
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Brand name merchandiseLamborghini licenses its company to manufacturers that produce various Lamborghini-branded consumer goods including scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would possibly 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 your time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in particular was known for thinking about his road car business mostly a cause of funding for his contribution in motor racing. Ferruccio's policy led in order to tensions between him and also his engineers, many of whom ended up racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development with the P400 prototype, they designed it to become road car with race potential, one that could win within the track and also be driven on the road by enthusiasts. When Ferruccio discovered the particular project, he allowed them to go 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 reached building a true contest car under Lamborghini's supervision were a few highly modified prototypes, including those built by means of 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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From the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to build up, then manufacture 400 cars for BMW as a way to meet Group 4 homologation needs. BMW lacked experience possessing a mid-engined vehicle and considered that Lamborghini's experience in that area would make Lamborghini an ideal 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 offer working prototypes on time, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named this M1, delivering the first vehicle in October 1978.
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