Creation magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a processed grand touring car to compete 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 for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first ten years, but sales plunged inside the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti in addition to René Leimer and launched onto in 1974. The company went belly up in 1978, and was placed within the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by simply 1984 and invested heavily from the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded in the Countach to include the Jalpa sports vehicle and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it turned out placed under the control with the group's Audi division. New products and product lines were introduced towards brand's portfolio and delivered to the market and saw an increased productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent financial crisis, Lamborghini's sales saw the drop of nearly 50 pct.
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As of the 2015 model year, Lamborghini's automobile product range includes two model lines, both of which are generally mid-engine two-seat sports cars. The V12-powered Aventador line involves 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 this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for utilization in World Offshore Series Class 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu throughout) and outputs roughly 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring an illustration available through an Essex motorcycle retailer - that 24 examples were produced with a Lamborghini alloy frame getting adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type material and fully integrated using 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 Bicycles.
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Brand merchandiseLamborghini licenses its model to manufacturers that produce various Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would end up being no factory-supported racing connected with Lamborghinis, viewing motorsport as very costly and too draining about company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in distinct was known for taking into consideration his road car business mostly a supply of funding for his participation in motor racing. Ferruccio's policy led to be able to tensions between him along with his engineers, many of whom were racing enthusiasts; some had previously worked 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 sporting potential, one that could win about the track and also be driven on the highway by enthusiasts. When Ferruccio discovered the project, he allowed them to visit ahead, seeing it as the potential marketing device with the company, while insisting that it could not be raced. The P400 went to become the Miura. The closest the company stumbled on building a true competition car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by factory test driver Bob Wallace, such as the Miura SV-based "Jota" as well as the Jarama S-based "Bob Wallace Special".
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Inside the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW to build up, then manufacture 400 cars for BMW to be able to meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and assumed that Lamborghini's experience because area would make Lamborghini a great choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind plan developing the car's structure and running gear. When Lamborghini failed to supply working prototypes on moment, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the M1, delivering the first car in October 1978.
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