Making magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a enhanced grand touring car to compete with offerings from established marques for instance Ferrari. The company's first types, such as the 350 GT, were released in the particular mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that 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 several years, but sales plunged from the wake of the 1973 worldwide financial downturn along with the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti in addition to René Leimer and on in 1974. The company went broke in 1978, and was placed in the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the company out of receivership through 1984 and invested heavily inside the company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco and Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it turned out placed under the control of the group's Audi division. New products and design lines were introduced to the brand's portfolio and exposed to the market and saw an elevated productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent recession, Lamborghini's sales saw a drop of nearly 50 pct.
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Adjusted the 2015 model season, Lamborghini's automobile product range includes two model lines, both of which tend to be mid-engine two-seat sports cars. The V12-powered Aventador line consists of the LP 700-4 coupé along with roadster. The V10-powered Huracán line 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 twice its car production by producing as numerous SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for utilization in World Offshore Series Course 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu within) and outputs approximately 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports street motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - that will 24 examples were produced which has a Lamborghini alloy frame acquiring adjustable steering head position, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks along with Marvic wheels. The bodywork was plastic-type material and fully integrated using front fairing merged directly into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were created by Lamborghini stylists and produced by French business Boxer Motorbikes.
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Brand name merchandiseLamborghini licenses its brand name to manufacturers that produce a range of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would always be no factory-supported racing regarding Lamborghinis, viewing motorsport as too costly and too draining on company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in particular was known for thinking about his road car business mostly a source of funding for his involvement in motor racing. Ferruccio's policy led to help tensions between him in addition to his engineers, many of whom have been racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development from the P400 prototype, they designed it to be a road car with racing potential, one that could win around the track and also be driven while travelling by enthusiasts. When Ferruccio discovered the particular project, he allowed them to look ahead, seeing it as any potential marketing device to the company, while insisting that it would not be raced. The P400 went onto become the Miura. The closest the company found building a true competition car under Lamborghini's supervision were a few highly modified prototypes, including those built through factory test driver Bob Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation demands. 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 unsure finances, Lamborghini fell behind plan developing the car's framework and running gear. When Lamborghini failed to provide working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the particular M1, delivering the first automobile in October 1978.
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