Creation magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a sophisticated grand touring car to contest with offerings from established marques including Ferrari. The company's first types, such as the 350 GT, were released in the particular mid-1960s and were noted with regards to 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 several years, but sales plunged from the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti in addition to René Leimer and outdated in 1974. The company went insolvent in 1978, and was placed inside the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the company out of receivership simply by 1984 and invested heavily in the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded from the Countach to include the Jalpa expensive car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini on 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 in order to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it turned out placed under the control on the group's Audi division. New products and product lines were introduced on the brand's portfolio and exposed to the market and saw a greater productivity for the company Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial system, Lamborghini's sales saw a new drop of nearly 50 per cent.
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By the 2015 model year, Lamborghini's automobile product range contains two model lines, both of which tend to be mid-engine two-seat sports cars. The V12-powered Aventador line involves the LP 700-4 coupé in addition to roadster. The V10-powered Huracán brand 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 as sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for use within World Offshore Series Class 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu throughout) and outputs around 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorbike. UK weekly newspaper Bike News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - which 24 examples were produced having a Lamborghini alloy frame getting adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks and also Marvic wheels. The bodywork was cheap and fully integrated having front fairing merged in to fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Motorcycles.
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Brand merchandiseLamborghini licenses its brand name to manufacturers that produce a variety of Lamborghini-branded consumer goods including scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would be no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining in company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in distinct was known for thinking about his road car business mostly a source of funding for his participation in motor racing. Ferruccio's policy led to be able to tensions between him and also his engineers, many of whom had been racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development in the P400 prototype, they designed it as a road car with rushing potential, one that could win around the track and also be driven traveling by enthusiasts. When Ferruccio discovered your project, he allowed them to visit ahead, seeing it as any 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 located building a true competition car under Lamborghini's supervision were a few highly modified prototypes, including those built through factory test driver Chad Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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 to be able to meet Group 4 homologation needs. BMW lacked experience making a mid-engined vehicle and thought that Lamborghini's experience as area would make Lamborghini the perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind program developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the M1, delivering the first car in October 1978.
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