Production magnate Italian Ferruccio Lamborghini founded this company in 1963 with the objective of producing a sophisticated grand touring car to compete with offerings from established marques for instance Ferrari. The company's first models, such as the 350 GT, were released in the particular mid-1960s and were noted because of their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because 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 plus the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and also René Leimer and on in 1974. The company went belly up in 1978, and was placed within the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the business out of receivership simply by 1984 and invested heavily from the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded in the Countach to include the Jalpa low rider and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it absolutely was placed under the control of the group's Audi division. New products and product lines were introduced towards the brand's portfolio and delivered to the market and saw a greater productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent economic crisis, Lamborghini's sales saw any drop of nearly 50 percentage.
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At the time of the 2015 model season, Lamborghini's automobile product range contains two model lines, both of which are usually mid-engine two-seat sports automobiles. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán series 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 twice its car production by producing several SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for use in World Offshore Series Type 1 powerboats. A Lamborghini branded sea engine displaces approximately 8, 171 cc (499 cu inside) and outputs somewhere around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports motorcycle. UK weekly newspaper Motor bike News reported in 1994 - when featuring a case in point available through an Essex motorcycle retailer - that 24 examples were produced using a Lamborghini alloy frame having adjustable steering head angle, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks and also Marvic wheels. The bodywork was cheap and fully integrated together with front fairing merged straight into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Motorbikes.
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Brand merchandiseLamborghini licenses its model to manufacturers that produce many different Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would end up being no factory-supported racing connected with 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 demonstrate the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in particular was known for thinking of his road car business mostly a method to obtain funding for his contribution in motor racing. Ferruccio's policy led in order to tensions between him along with his engineers, many of whom ended up racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development on the P400 prototype, they designed it becoming a road car with rushing potential, one that could win about the track and also be driven on the road by enthusiasts. When Ferruccio discovered your project, he allowed them to travel ahead, seeing it as the potential marketing device for that company, while insisting that it would not be raced. The P400 went to become the Miura. The closest the company reached building a true ethnic background car under Lamborghini's supervision were several highly modified prototypes, including those built through factory test driver Chad Wallace, such as the Miura SV-based "Jota" and 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 an agreement with BMW to produce, then manufacture 400 cars for BMW in order to meet Group 4 homologation specifications. BMW lacked experience possessing a mid-engined vehicle and presumed that Lamborghini's experience in this area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind program developing the car's framework and running gear. When Lamborghini failed to offer working prototypes on occasion, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named the actual M1, delivering the first car in October 1978.
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