Producing 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 like Ferrari. The company's first versions, such as the 350 GT, were released in the particular 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 since the 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 of the company to Georges-Henri Rossetti and also René Leimer and upon the market in 1974. The company went bankrupt in 1978, and was placed in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the business out of receivership simply by 1984 and invested heavily from the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded from the Countach to include the Jalpa sports car and the LM002 high performance 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 as well as the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it absolutely was placed under the control from the group's Audi division. New products and type lines were introduced for the brand's portfolio and taken to the market and saw a heightened productivity for the model Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent overall economy, Lamborghini's sales saw any drop of nearly 50 per cent.
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Adjusted the 2015 model year, Lamborghini's automobile product range consists of two model lines, both of which tend to be mid-engine two-seat sports autos. 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 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 since sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for use within World Offshore Series Course 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu with) and outputs approximately 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 case in point available through an London motorcycle retailer - that will 24 examples were produced with a Lamborghini alloy frame getting adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks and also Marvic wheels. The bodywork was plastic and fully integrated having front fairing merged straight 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 Motorcycles.
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Branded merchandiseLamborghini licenses its model to manufacturers that produce a range of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would become no factory-supported racing connected with Lamborghinis, viewing motorsport as very costly and too draining with company resources. [citation needed] This was unusual with 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 unique was known for thinking about his road car business mostly a source of funding for his contribution in motor racing. Ferruccio's policy led for you to tensions between him in addition to his engineers, many of whom were being racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development with the P400 prototype, they designed it as a road car with rushing potential, one that could win about the track and also be driven on your way by enthusiasts. When Ferruccio discovered this project, he allowed them to go ahead, seeing it as a new potential marketing device to the company, while insisting that it could not be raced. The P400 went on to become the Miura. The closest the company found building a true ethnic background car under Lamborghini's supervision were a number of highly modified prototypes, including those built by means of factory test driver William Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was within the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to produce, then manufacture 400 cars for BMW to be able to meet Group 4 homologation specifications. BMW lacked experience having a mid-engined vehicle and considered that Lamborghini's experience as area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind schedule developing the car's composition and running gear. When Lamborghini failed to produce working prototypes on moment, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named your M1, delivering the first car or truck in October 1978.
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