Creation magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a polished grand touring car to take on offerings from established marques such as Ferrari. The company's first types, such as the 350 GT, were released in the actual 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 of the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside 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 on the rocks in 1978, and was placed inside the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased this company out of receivership through 1984 and invested heavily in the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded through the Countach to include the Jalpa fancy car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where it had been placed under the control on the group's Audi division. New products and model lines were introduced towards brand's portfolio and taken to the market and saw an increased productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent recession, Lamborghini's sales saw any drop of nearly 50 %.
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At the time of the 2015 model calendar year, Lamborghini's automobile product range is made of two model lines, both of which usually are mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as numerous SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for used in World Offshore Series Class 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu within) and outputs somewhere around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports bike. UK weekly newspaper Tandem News reported in 1994 - when featuring a sample available through an Essex motorcycle retailer - of which 24 examples were produced having a Lamborghini alloy frame having adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic-type and fully integrated with front fairing merged in fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Motorbikes.
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Brand merchandiseLamborghini licenses its manufacturer to manufacturers that produce many different 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 in early stages that there would be no factory-supported racing connected with Lamborghinis, viewing motorsport as too costly and too draining upon company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in particular was known for thinking of his road car business mostly a way to obtain funding for his engagement in motor racing. Ferruccio's policy led to help tensions between him as well as his engineers, many of whom have been racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development with the P400 prototype, they designed it becoming a road car with sporting potential, one that could win within the track and also be driven on the road by enthusiasts. When Ferruccio discovered your project, he allowed them to search ahead, seeing it as a potential marketing device for that company, while insisting that it could not be raced. The P400 went through to become the Miura. The closest the company came to building a true ethnic background car under Lamborghini's supervision were a few 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 to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation requirements. BMW lacked experience having a mid-engined vehicle and assumed that Lamborghini's experience in this area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind timetable developing the car's construction and running gear. When Lamborghini failed to produce working prototypes on period, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the particular M1, delivering the first vehicle in October 1978.
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