Production magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a refined grand touring car to contest with offerings from established marques such as Ferrari. The company's first designs, such as the 350 GT, were released in the actual mid-1960s and were noted for 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 on the era.Lamborghini grew rapidly during its first ten years, 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 as well as René Leimer and on in 1974. The company went broke in 1978, and was placed inside the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by 1984 and invested heavily inside company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded through the Countach to include the Jalpa expensive car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco along with Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where it had been placed under the control with the group's Audi division. New products and type lines were introduced on the brand's portfolio and delivered to the market and saw a higher productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent financial crisis, Lamborghini's sales saw the drop of nearly 50 per cent.
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As of the 2015 model 12 months, Lamborghini's automobile product range includes two model lines, both of which usually are mid-engine two-seat sports cars. The V12-powered Aventador line includes the LP 700-4 coupé in addition to roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing numerous SUVs by 2018 because sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for use within World Offshore Series School 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu within) and outputs about 940 hp (700 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports motorcycle. UK weekly newspaper Motor cycle News reported in 1994 - when featuring a case in point available through an Essex motorcycle retailer - of which 24 examples were produced that has a Lamborghini alloy frame possessing adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type and fully integrated with front fairing merged into fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and made by French business Boxer Cycles.
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Printed merchandiseLamborghini licenses its model to manufacturers that produce a range of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would end up being no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining upon 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 means of motorsport participation. Enzo Ferrari in particular was known for taking into consideration his road car business mostly a supply of funding for his involvement in motor racing. Ferruccio's policy led in order to tensions between him along with his engineers, many of whom had been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development on the P400 prototype, they designed it to be a road car with racing potential, one that could win on the track and also be driven on your way by enthusiasts. When Ferruccio discovered the project, he allowed them to search ahead, seeing it as some sort of potential marketing device for that company, while insisting that it could not be raced. The P400 went on to become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were a number of highly modified prototypes, including those built simply by factory test driver Chad Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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Within 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 so as to meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and believed that Lamborghini's experience in that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind plan developing the car's composition and running gear. When Lamborghini failed to supply working prototypes on moment, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the M1, delivering the first car in October 1978.
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