Creation magnate Italian Ferruccio Lamborghini founded the company in 1963 with the aim of producing a polished grand touring car to take on offerings from established marques including Ferrari. The company's first versions, such as the 350 GT, were released in the actual 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 for the reason that standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first a decade, but sales plunged inside wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and René Leimer and upon the market in 1974. The company went insolvent in 1978, and was placed inside the receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by 1984 and invested heavily inside company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded from the Countach to include the Jalpa sports vehicle and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco as well as Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it had been placed under the control with the group's Audi division. New products and type lines were introduced towards the brand's portfolio and brought to the market and saw an increased productivity for the manufacturer Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent financial crisis, Lamborghini's sales saw a new drop of nearly 50 %.
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Adjusted the 2015 model year, Lamborghini's automobile product range includes two model lines, both of which are generally mid-engine two-seat sports autos. The V12-powered Aventador line is made of the LP 700-4 coupé along with roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé and roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to two times its car production by producing as much SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for easy use in World Offshore Series Category 1 powerboats. A Lamborghini branded maritime engine displaces approximately 8, 171 cc (499 cu with) and outputs somewhere around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street motorcycle. UK weekly newspaper Motor bike News reported in 1994 - when featuring a sample available through an London motorcycle retailer - of which 24 examples were produced having a Lamborghini alloy frame getting adjustable steering head angle, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic and fully integrated along with front fairing merged into fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Motorbikes.
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Printed merchandiseLamborghini licenses its brand to manufacturers that produce a range of Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would possibly be no factory-supported racing connected with Lamborghinis, viewing motorsport as too expensive and too draining in company resources. [citation needed] This was unusual with the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in certain was known for taking into consideration his road car business mostly a way to obtain funding for his taking part in motor racing. Ferruccio's policy led to help tensions between him along with his engineers, many of whom were racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development with the P400 prototype, they designed it to become road car with sporting potential, one that could win on the track and also be driven traveling by enthusiasts. When Ferruccio discovered the particular project, he allowed them to look ahead, seeing it as the potential marketing device with the company, while insisting that it could not be raced. The P400 went to become the Miura. The closest the company came to building a true contest car under Lamborghini's supervision were some highly modified prototypes, including those built by factory test driver William Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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In the mid-1970s, while Lamborghini was beneath the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW to produce, then manufacture 400 cars for BMW in order to meet Group 4 homologation requirements. BMW lacked experience developing a mid-engined vehicle and considered that Lamborghini's experience in this area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind timetable developing the car's framework and running gear. When Lamborghini failed to deliver working prototypes on occasion, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named this M1, delivering the first automobile in October 1978.
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