Manufacturing magnate Italian Ferruccio Lamborghini founded this company in 1963 with the aim of producing a refined grand touring car to compete with offerings from established marques for instance Ferrari. The company's first designs, such as the 350 GT, were released in the actual 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 because standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first ten years, but sales plunged in the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti and René Leimer and outdated in 1974.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 the business out of receivership by means of 1984 and invested heavily in the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded from your Countach to include the Jalpa low rider and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it had been placed under the control with the group's Audi division. New products and product lines were introduced towards the brand's portfolio and exposed 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 financial crisis, Lamborghini's sales saw a drop of nearly 50 per cent.
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As of the 2015 model year, Lamborghini's automobile product range contains two model lines, both of which are generally mid-engine two-seat sports cars. The V12-powered Aventador line includes the LP 700-4 coupé and also roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for easy use in World Offshore Series School 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu with) and outputs roughly 940 hp (900 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 Kent motorcycle retailer - which 24 examples were produced with a Lamborghini alloy frame obtaining adjustable steering head angle, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic material and fully integrated using front fairing merged in to 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 Bikes.
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Branded merchandiseLamborghini licenses its brand to manufacturers that produce various 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 at the beginning that there would become no factory-supported racing of Lamborghinis, viewing motorsport as too costly and too draining on company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in particular was known for considering his road car business mostly a method to obtain funding for his contribution in motor racing. Ferruccio's policy led to help tensions between him and his engineers, many of whom have been racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development in the P400 prototype, they designed it to become road car with rushing potential, one that could win around the track and also be driven on your way by enthusiasts. When Ferruccio discovered the particular project, he allowed them to go ahead, seeing it as some sort of potential marketing device for the company, while insisting that it would not be raced. The P400 went to become the Miura. The closest the company found building a true contest car under Lamborghini's supervision were a couple of highly modified prototypes, including those built simply by factory test driver Joe Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation prerequisites. BMW lacked experience making a mid-engined vehicle and considered that Lamborghini's experience because area would make Lamborghini a great choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind timetable developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on moment, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the actual M1, delivering the first car or truck in October 1978.
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