Making magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a refined grand touring car to take on 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 with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars with 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 on the company to Georges-Henri Rossetti and also René Leimer and launched onto in 1974. The company went insolvent in 1978, and was placed from the receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by means of 1984 and invested heavily inside the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded on the Countach to include the Jalpa expensive car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini on the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards Volkswagen Group where ıt had been placed under the control with the group's Audi division. New products and type lines were introduced for the brand's portfolio and exposed to the market and saw an elevated productivity for the company Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent recession, Lamborghini's sales saw a drop of nearly 50 %.
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As of the 2015 model yr, Lamborghini's automobile product range contains two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line contains the LP 700-4 coupé in addition to roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to twice its car production by producing as numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a sizable V12 marine engine block for utilization in World Offshore Series Category 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu throughout) and outputs about 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - in which 24 examples were produced using a Lamborghini alloy frame possessing adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks as well as Marvic wheels. The bodywork was plastic material and fully integrated using front fairing merged in fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and manufactured by French business Boxer Motorcycles.
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Brand merchandiseLamborghini licenses its company to manufacturers that produce a variety of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would possibly be no factory-supported racing connected with Lamborghinis, viewing motorsport as too costly and too draining on company resources. [citation needed] This was unusual to the time, as many sports car manufacturers sought to show 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 cause of funding for his contribution in motor racing. Ferruccio's policy led for you to tensions between him as well as his engineers, many of whom have been racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development in the P400 prototype, they designed it to become a road car with racing potential, one that could win within the track and also be driven traveling by enthusiasts. When Ferruccio discovered the project, he allowed them to go ahead, seeing it as the potential marketing device for your company, while insisting that it might not be raced. The P400 went onto become the Miura. The closest the company came to building a true race car under Lamborghini's supervision were some highly modified prototypes, including those built through factory test driver Frank Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW in order to develop, then manufacture 400 cars for BMW so that you can meet Group 4 homologation needs. BMW lacked experience developing a mid-engined vehicle and thought that Lamborghini's experience in that area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind schedule developing the car's construction and running gear. When Lamborghini failed to deliver working prototypes on period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named your M1, delivering the first vehicle in October 1978.
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