Making magnate Italian Ferruccio Lamborghini founded this company in 1963 with the objective of producing a refined grand touring car to contend 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 to the Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars in the era.Lamborghini grew rapidly during its first a decade, but sales plunged inside wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and also René Leimer and launched onto in 1974. The company went belly up in 1978, and was placed inside receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the business out of receivership simply by 1984 and invested heavily inside the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded from the Countach to include the Jalpa sports vehicle and the LM002 high end 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 plus the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where ıt had been placed under the control in the group's Audi division. New products and design lines were introduced to the brand's portfolio and given the market and saw an increased productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent financial crisis, Lamborghini's sales saw a new drop of nearly 50 per cent.
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At the time of the 2015 model calendar year, Lamborghini's automobile product range is made of two model lines, both of which are usually mid-engine two-seat sports vehicles. The V12-powered Aventador line includes the LP 700-4 coupé along with roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as this 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 sizable V12 marine engine block for use in World Offshore Series Course 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu within) and outputs roughly 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring a case in point available through an Kent motorcycle retailer - of which 24 examples were produced having a Lamborghini alloy frame getting adjustable steering head angle, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks and Marvic wheels. The bodywork was plastic material and fully integrated with front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Bikes.
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Brand name merchandiseLamborghini licenses its manufacturer to manufacturers that produce a number of Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as very costly and too draining on company resources. [citation needed] This was unusual for your time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in unique was known for considering his road car business mostly a method to obtain funding for his engagement in motor racing. Ferruccio's policy led to help tensions between him in addition to his engineers, many of whom had been racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development from the P400 prototype, they designed it to become a road car with sporting potential, one that could win for the track and also be driven traveling by enthusiasts. When Ferruccio discovered the project, he allowed them to go ahead, seeing it as a new potential marketing device to the company, while insisting that it would not be raced. The P400 went onto become the Miura. The closest the company reached building a true race car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by means of factory test driver Chad Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order to develop, then manufacture 400 cars for BMW so as to meet Group 4 homologation demands. BMW lacked experience possessing a mid-engined vehicle and considered that Lamborghini's experience as area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind schedule developing the car's design and running gear. When Lamborghini failed to deliver working prototypes on time period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named this M1, delivering the first car in October 1978.
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