Producing magnate Italian Ferruccio Lamborghini founded the business in 1963 with the objective of producing a polished grand touring car to compete with offerings from established marques like Ferrari. The company's first designs, 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 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside 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 launched onto in 1974. The company went broke in 1978, and was placed within the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by 1984 and invested heavily in the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded from the Countach to include the Jalpa low rider and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach using 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 Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control from the group's Audi division. New products and design lines were introduced to the brand's portfolio and taken to the market and saw a greater productivity for the company Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent overall economy, Lamborghini's sales saw any drop of nearly 50 percent.
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As of the 2015 model year, Lamborghini's automobile product range contains two model lines, both of which tend to be mid-engine two-seat sports cars and trucks. The V12-powered Aventador line contains the LP 700-4 coupé and 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 two times its car production by producing as numerous SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for utilization in World Offshore Series Course 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu inside) 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 bike News reported in 1994 - when featuring an illustration available through an Kent motorcycle retailer - that will 24 examples were produced which has a Lamborghini alloy frame having adjustable steering head angle, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks along with Marvic wheels. The bodywork was plastic and fully integrated along with front fairing merged directly into fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Bikes.
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Printed merchandiseLamborghini licenses its manufacturer to manufacturers that produce a variety of Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to his 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 to the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in specific was known for thinking about his road car business mostly a source of funding for his involvement in motor racing. Ferruccio's policy led for you to tensions between him and his engineers, many of whom ended up racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development from the P400 prototype, they designed it to become road car with rushing potential, one that could win within the track and also be driven while travelling by enthusiasts. When Ferruccio discovered your project, he allowed them to go ahead, seeing it as a potential marketing device to the company, while insisting that it will not be raced. The P400 went on become the Miura. The closest the company reached building a true race car under Lamborghini's supervision were several highly modified prototypes, including those built by means of factory test driver Joe Wallace, such as the Miura SV-based "Jota" as well as 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 good agreement with BMW in order to develop, then manufacture 400 cars for BMW as a way to meet Group 4 homologation needs. BMW lacked experience having a mid-engined vehicle and thought that Lamborghini's experience as area would make Lamborghini the best choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind program developing the car's construction and running gear. When Lamborghini failed to produce working prototypes on occasion, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named your M1, delivering the first vehicle in October 1978.
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