Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a sophisticated grand touring car to take on offerings from established marques including Ferrari. The company's first products, such as the 350 GT, were released in this mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first ten years, but sales plunged inside the wake of the 1973 worldwide financial downturn along with the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti along with René Leimer and outdated in 1974. The company went insolvent in 1978, and was placed in the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by simply 1984 and invested heavily inside the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded from the Countach to include the Jalpa fancy car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to be able to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Business in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where it turned out placed under the control on the group's Audi division. New products and product lines were introduced towards the brand's portfolio and delivered to the market and saw a heightened productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent economic crisis, Lamborghini's sales saw any drop of nearly 50 %.
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Adjusted the 2015 model year, Lamborghini's automobile product range is made of two model lines, both of which usually are mid-engine two-seat sports cars and trucks. The V12-powered Aventador line contains the LP 700-4 coupé and also roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as your less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to two times its car production by producing numerous SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for utilization in World Offshore Series Course 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu inside) and outputs roughly 940 hp (800 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 a sample available through an Kent motorcycle retailer - which 24 examples were produced which has a Lamborghini alloy frame having adjustable steering head angle, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks and Marvic wheels. The bodywork was plastic-type material and fully integrated with front fairing merged directly into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Motorcycles.
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Branded merchandiseLamborghini licenses its model to manufacturers that produce various Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would become no factory-supported racing associated with Lamborghinis, viewing motorsport as very costly and too draining about company resources. [citation needed] This was unusual for your time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in certain was known for considering his road car business mostly a source of funding for his engagement in motor racing. Ferruccio's policy led to help tensions between him as well as his engineers, many of whom had been racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development in the P400 prototype, they designed it to become road car with auto racing potential, one that could win around the track and also be driven while travelling by enthusiasts. When Ferruccio discovered your project, he allowed them to travel ahead, seeing it as a potential marketing device to the company, while insisting that it will not be raced. The P400 went through to become the Miura. The closest the company came to building a true race car under Lamborghini's supervision were a number of highly modified prototypes, including those built simply by factory test driver Frank Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW in order to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation specifications. BMW lacked experience making a mid-engined vehicle and assumed that Lamborghini's experience in that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind plan developing the car's framework and running gear. When Lamborghini failed to deliver working prototypes on occasion, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the actual M1, delivering the first vehicle in October 1978.
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