Production magnate Italian Ferruccio Lamborghini founded the organization 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 models, such as the 350 GT, were released in this mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for your Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first ten years, but sales plunged from the wake of the 1973 worldwide financial downturn along with the oil crisis. Ferruccio Lamborghini sold ownership on the company to Georges-Henri Rossetti along with René Leimer and launched onto in 1974. The company went insolvent in 1978, and was placed inside the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership through 1984 and invested heavily inside the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa low rider and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini on the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it had been placed under the control in the group's Audi division. New products and product lines were introduced on the brand's portfolio and taken to the market and saw a heightened productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial 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 year, Lamborghini's automobile product range is made of two model lines, both of which are generally mid-engine two-seat sports cars. The V12-powered Aventador line is made of the LP 700-4 coupé and 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 dual its car production by producing as many SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for easy use in World Offshore Series Class 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu with) and outputs somewhere around 940 hp (seven-hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorbike. UK weekly newspaper Tandem News reported in 1994 - when featuring an illustration available through an Essex motorcycle retailer - of which 24 examples were produced that has a Lamborghini alloy frame obtaining adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic material and fully integrated together with front fairing merged directly into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Cycles.
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Top quality merchandiseLamborghini licenses its brand to manufacturers that produce a variety of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would become no factory-supported racing of Lamborghinis, viewing motorsport as too costly and too draining upon company resources. [citation needed] This was unusual for 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 taking into consideration his road car business mostly a source of funding for his involvement in motor racing. Ferruccio's policy led to tensions between him as well as 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 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 while travelling by enthusiasts. When Ferruccio discovered the actual project, he allowed them to travel ahead, seeing it as a new potential marketing device with the company, while insisting that it might not be raced. The P400 went on become the Miura. The closest the company reached building a true battle car under Lamborghini's supervision were a couple of highly modified prototypes, including those built through factory test driver William Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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Inside 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 as a way to meet Group 4 homologation requirements. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience because area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind timetable developing the car's composition and running gear. When Lamborghini failed to deliver working prototypes on time period, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named your M1, delivering the first vehicle in October 1978.
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