Production magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a processed grand touring car to contend with offerings from established marques like Ferrari. The company's first products, such as the 350 GT, were released in the mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that 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 as well as the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti and also René Leimer and retired in 1974. The company went bankrupt in 1978, and was placed from the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by simply 1984 and invested heavily from the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control in the group's Audi division. New products and style lines were introduced to the brand's portfolio and exposed to the market and saw an elevated productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent overall economy, Lamborghini's sales saw some sort of drop of nearly 50 percentage.
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Adjusted the 2015 model 12 months, Lamborghini's automobile product range is made of two model lines, both of which are generally mid-engine two-seat sports automobiles. The V12-powered Aventador line consists of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as many SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for easy use in World Offshore Series Course 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu in) and outputs approximately 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports bike. UK weekly newspaper Bike News reported in 1994 - when featuring a case in point available through an London motorcycle retailer - that will 24 examples were produced that has a Lamborghini alloy frame acquiring adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks as well as Marvic wheels. The bodywork was plastic and fully integrated using front fairing merged straight into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were created by Lamborghini stylists and that is generated by French business Boxer Motorbikes.
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Printed merchandiseLamborghini licenses its model to manufacturers that produce a number of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would become no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining on company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in specific was known for contemplating his road car business mostly a method to obtain 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 did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development with the P400 prototype, they designed it to be a road car with racing potential, one that could win about the track and also be driven on the highway by enthusiasts. When Ferruccio discovered this project, he allowed them to search ahead, seeing it as a new potential marketing device for that company, while insisting that it might not be raced. The P400 went through to become the Miura. The closest the company stumbled on building a true competition car under Lamborghini's supervision were several highly modified prototypes, including those built by factory test driver Chad 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 under the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to develop, then manufacture 400 cars for BMW so as to meet Group 4 homologation requirements. BMW lacked experience possessing a mid-engined vehicle and assumed that Lamborghini's experience as area would make Lamborghini a great choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind plan developing the car's framework and running gear. When Lamborghini failed to supply working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the M1, delivering the first vehicle in October 1978.
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