Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a sophisticated grand touring car to tackle offerings from established marques including Ferrari. The company's first products, such as the 350 GT, were released in the particular mid-1960s and were noted for their 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 on the era.Lamborghini grew rapidly during its first ten years, but sales plunged in the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti as well as René Leimer and on in 1974. The company went on the rocks in 1978, and was placed within the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by means of 1984 and invested heavily from the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded in the Countach to include the Jalpa sports car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco and Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control on the group's Audi division. New products and product lines were introduced to the brand's portfolio and delivered to the market and saw a greater productivity for the model Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent overall economy, Lamborghini's sales saw any drop of nearly 50 %.
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At the time of the 2015 model 12 months, Lamborghini's automobile product range is made of two model lines, both of which are usually mid-engine two-seat sports cars. The V12-powered Aventador line includes the LP 700-4 coupé along with roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing as numerous SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for used in World Offshore Series School 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu throughout) and outputs roughly 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of any 1, 000 cc sports street bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring a case in point available through an Kent motorcycle retailer - that will 24 examples were produced that has a Lamborghini alloy frame obtaining adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks and also Marvic wheels. The bodywork was plastic-type material and fully integrated along with front fairing merged in fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and that is generated by French business Boxer Motorcycles.
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Branded merchandiseLamborghini licenses its company to manufacturers that produce various Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would end up being no factory-supported racing connected with Lamborghinis, viewing motorsport as very costly and too draining about company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority via motorsport participation. Enzo Ferrari in distinct was known for taking into consideration his road car business mostly a way to obtain funding for his engagement in motor racing. Ferruccio's policy led in order to tensions between him and his engineers, many of whom were racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development with the P400 prototype, they designed it as a road car with rushing potential, one that could win about the track and also be driven traveling by enthusiasts. When Ferruccio discovered the actual project, he allowed them to travel ahead, seeing it as a new potential marketing device to the company, while insisting that it'd not be raced. The P400 went on become the Miura. The closest the company located building a true race car under Lamborghini's supervision were several highly modified prototypes, including those built by factory test driver William Wallace, such as the Miura SV-based "Jota" plus the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to build up, then manufacture 400 cars for BMW as a way to meet Group 4 homologation prerequisites. BMW lacked experience creating a mid-engined vehicle and thought that Lamborghini's experience for the reason that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind timetable developing the car's structure and running gear. When Lamborghini failed to provide working prototypes on occasion, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the M1, delivering the first auto in October 1978.
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