Production magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a polished grand touring car to contend with offerings from established marques such as Ferrari. The company's first versions, such as the 350 GT, were released in this mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the 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 a decade, but sales plunged within the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti along with René Leimer and launched onto in 1974. The company went belly up in 1978, and was placed inside receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased this company 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 in the Countach to include the Jalpa sports car and the LM002 high end 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 and the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it was placed under the control from the group's Audi division. New products and type lines were introduced to 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 economic crisis and the subsequent financial system, Lamborghini's sales saw any drop of nearly 50 percent.
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At the time of the 2015 model season, Lamborghini's automobile product range consists of two model lines, both of which usually are mid-engine two-seat sports vehicles. The V12-powered Aventador line is made of the LP 700-4 coupé and also roadster. The V10-powered Huracán collection 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 two times its car production by producing numerous SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use within World Offshore Series School 1 powerboats. A Lamborghini branded underwater 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 an 1, 000 cc sports motorcycle. UK weekly newspaper Bike News reported in 1994 - when featuring an example available through an Essex motorcycle retailer - which 24 examples were produced using a Lamborghini alloy frame possessing adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks and also Marvic wheels. The bodywork was plastic-type material and fully integrated using front fairing merged into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and manufactured by French business Boxer Motorcycles.
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Top quality merchandiseLamborghini licenses its model to manufacturers that produce a range of Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would always be no factory-supported racing involving Lamborghinis, viewing motorsport as too costly and too draining upon company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in unique was known for thinking about his road car business mostly a cause of funding for his engagement in motor racing. Ferruccio's policy led to tensions between him along with his engineers, many of whom had been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development on the P400 prototype, they designed it as a road car with racing potential, one that could win within the track and also be driven on the highway by enthusiasts. When Ferruccio discovered this project, he allowed them to travel ahead, seeing it as some sort of potential marketing device for 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 contest car under Lamborghini's supervision were a number of highly modified prototypes, including those built simply by factory test driver Bob 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 underneath the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW to build up, then manufacture 400 cars for BMW so that you can meet Group 4 homologation needs. BMW lacked experience having a mid-engined vehicle and assumed that Lamborghini's experience because area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind timetable developing the car's framework and running gear. When Lamborghini failed to supply working prototypes on moment, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the particular M1, delivering the first car in October 1978.
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