Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a enhanced grand touring car to contend with offerings from established marques for example Ferrari. The company's first types, such as the 350 GT, were released in the mid-1960s and were noted for 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 10 years, but sales plunged within the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti along with René Leimer and outdated in 1974. The company went insolvent in 1978, and was placed in the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by simply 1984 and invested heavily from the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded through the Countach to include the Jalpa sports vehicle and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco and Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it was placed under the control of the group's Audi division. New products and type lines were introduced on the brand's portfolio and given the market and saw an elevated productivity for the company Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent financial system, Lamborghini's sales saw some sort of drop of nearly 50 %.
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Since the 2015 model calendar year, Lamborghini's automobile product range involves two model lines, both of which are usually mid-engine two-seat sports automobiles. The V12-powered Aventador line includes the LP 700-4 coupé in addition to roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as numerous SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for use within World Offshore Series Course 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu in) and outputs roughly 940 hp (800 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 case in point available through an London motorcycle retailer - which 24 examples were produced using a Lamborghini alloy frame getting adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks and Marvic wheels. The bodywork was plastic-type material 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 made by French business Boxer Bikes.
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Printed merchandiseLamborghini licenses its brand to manufacturers that produce a range of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as too costly and too draining with company resources. [citation needed] This was unusual with the 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 source of funding for his taking part in motor racing. Ferruccio's policy led in order to tensions between him in addition to 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 on the P400 prototype, they designed it to be a road car with sporting potential, one that could win for the track and also be driven while travelling by enthusiasts. When Ferruccio discovered the project, he allowed them to search ahead, seeing it as a new potential marketing device for your company, while insisting that it will not be raced. The P400 went on become the Miura. The closest the company found building a true battle car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by means of factory test driver Joe Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW in order to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation needs. BMW lacked experience developing a mid-engined vehicle and thought that Lamborghini's experience as area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind program developing the car's composition and running gear. When Lamborghini failed to provide working prototypes on occasion, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the actual M1, delivering the first car in October 1978.
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