Producing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a enhanced grand touring car to tackle offerings from established marques for example Ferrari. The company's first types, such as the 350 GT, were released in the 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 for the reason that standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first several years, but sales plunged within the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti as well as René Leimer and launched onto in 1974. The company went bankrupt in 1978, and was placed inside receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by means of 1984 and invested heavily in the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa expensive car and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa plus the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco and also Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where ıt had been placed under the control in the group's Audi division. New products and product lines were introduced for the brand's portfolio and delivered to the market and saw a heightened productivity for the company Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent recession, Lamborghini's sales saw a new drop of nearly 50 pct.
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Adjusted the 2015 model calendar year, Lamborghini's automobile product range contains two model lines, both of which usually are mid-engine two-seat sports autos. The V12-powered Aventador line is made of 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 seeing that sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for used in World Offshore Series Class 1 powerboats. A Lamborghini branded marine 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 the 1, 000 cc sports bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring a good example available through an London motorcycle retailer - in which 24 examples were produced with a Lamborghini alloy frame acquiring adjustable steering head angle, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks along with Marvic wheels. The bodywork was plastic-type and fully integrated along with front fairing merged directly into fuel tank and seat cover ending within a rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Motorbikes.
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Brand merchandiseLamborghini licenses its brand name to manufacturers that produce many different Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing regarding Lamborghinis, viewing motorsport as very costly and too draining about company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority as a result of 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 to be able to tensions between him as well as his engineers, many of whom had been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development of the P400 prototype, they designed it to become road car with sporting potential, one that could win around the track and also be driven traveling by enthusiasts. When Ferruccio discovered the project, he allowed them to search ahead, seeing it as the potential marketing device to the company, while insisting that it will not be raced. The P400 went through to become the Miura. The closest the company located building a true contest car under Lamborghini's supervision were several highly modified prototypes, including those built by means of factory test driver William Wallace, such as the Miura SV-based "Jota" along with the Jarama S-based "Bob Wallace Special".
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Within the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into the agreement with BMW to produce, then manufacture 400 cars for BMW to be able to meet Group 4 homologation needs. BMW lacked experience creating a mid-engined vehicle and thought that Lamborghini's experience in that area would make Lamborghini the best choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind timetable developing the car's framework and running gear. When Lamborghini failed to provide working prototypes on period, 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 automobile in October 1978.
Lamborghini CEO confirms Lamborghini Urus SUV is going into production
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