Production magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a processed grand touring car to compete with offerings from established marques for instance 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 for that Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first several years, but sales plunged in 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 along with René Leimer and on in 1974. The company went bankrupt in 1978, and was placed inside the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by 1984 and invested heavily inside company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded from your Countach to include the Jalpa fancy car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it turned out placed under the control on the group's Audi division. New products and design lines were introduced towards brand's portfolio and delivered to the market and saw a greater productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent economic crisis, Lamborghini's sales saw a new drop of nearly 50 pct.
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As of the 2015 model yr, Lamborghini's automobile product range includes 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 and roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as many SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for used in World Offshore Series Type 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu throughout) and outputs around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of any 1, 000 cc sports motorbike. UK weekly newspaper Tandem News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - of which 24 examples were produced using a Lamborghini alloy frame obtaining adjustable steering head angle, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks and Marvic wheels. The bodywork was plastic material and fully integrated together with front fairing merged in to fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and produced by French business Boxer Cycles.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce a variety of Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would become no factory-supported racing of 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 by way of motorsport participation. Enzo Ferrari in particular was known for taking into consideration his road car business mostly a cause of funding for his engagement in motor racing. Ferruccio's policy led in order to tensions between him and also his engineers, many of whom had been racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development of the P400 prototype, they designed it to be a road car with rushing potential, one that could win around the track and also be driven on the road by enthusiasts. When Ferruccio discovered your project, he allowed them to look ahead, seeing it as the potential marketing device to the company, while insisting that it would not be raced. The P400 went through to become the Miura. The closest the company reached building a true competition car under Lamborghini's supervision were several 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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Inside the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order to develop, then manufacture 400 cars for BMW in order to meet Group 4 homologation requirements. BMW lacked experience possessing a mid-engined vehicle and presumed that Lamborghini's experience in that area would make Lamborghini a great 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 offer working prototypes on period, BMW took the program internally, 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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