Creation magnate Italian Ferruccio Lamborghini founded this company in 1963 with the aim of producing a polished grand touring car to compete with offerings from established marques for example Ferrari. The company's first versions, 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 that Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first 10 years, but sales plunged from the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti and also René Leimer and launched onto in 1974. The company went broke in 1978, and was placed inside receivership of brothers Jean-Claude and also 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' managing, Lamborghini's model line was expanded through the Countach to include the Jalpa fancy car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco and Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where ıt had been placed under the control of the group's Audi division. New products and model 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 financial crisis and the subsequent economic crisis, Lamborghini's sales saw a new drop of nearly 50 percent.
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At the time of the 2015 model yr, Lamborghini's automobile product range involves two model lines, both of which are mid-engine two-seat sports automobiles. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé in addition to 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 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use within World Offshore Series Type 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu within) 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 motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring a case in point available through an London motorcycle retailer - that will 24 examples were produced which has a Lamborghini alloy frame possessing adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks along with Marvic wheels. The bodywork was cheap and fully integrated together with front fairing merged into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and that is generated by French business Boxer Cycles.
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Brand name merchandiseLamborghini licenses its company to manufacturers that produce a range of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would end up being no factory-supported racing regarding Lamborghinis, viewing motorsport as too expensive and too draining about company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in particular was known for taking into consideration his road car business mostly a source of funding for his participation in motor racing. Ferruccio's policy led to help tensions between him as well as his engineers, many of whom were racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development from the P400 prototype, they designed it to become road car with sporting potential, one that could win on the track and also be driven on the road by enthusiasts. When Ferruccio discovered the actual project, he allowed them to look ahead, seeing it as some sort of potential marketing device for the company, while insisting that it could not be raced. The P400 went onto become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were several highly modified prototypes, including those built simply by factory test driver Frank Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to develop, then manufacture 400 cars for BMW in order to meet Group 4 homologation demands. BMW lacked experience developing a mid-engined vehicle and believed that Lamborghini's experience in that area would make Lamborghini the best choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind program developing the car's design and running gear. When Lamborghini failed to provide working prototypes on time, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named the actual M1, delivering the first car in October 1978.
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