Manufacturing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a sophisticated grand touring car to contend with offerings from established marques for instance 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 for the Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars on the era.Lamborghini grew rapidly during its first decade, but sales plunged in the wake of the 1973 worldwide financial downturn along with the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti in addition to René Leimer and upon the market in 1974. The company went belly up 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 in the company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded on the Countach to include the Jalpa sports car and the LM002 high performance off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach using the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control in 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 elevated productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial meltdown and the subsequent financial system, Lamborghini's sales saw the drop of nearly 50 per cent.
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Adjusted the 2015 model season, Lamborghini's automobile product range includes two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line is made of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán series currently includes the all-wheel-drive LP 610-4 coupé along with roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing numerous SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for used in World Offshore Series School 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu throughout) and outputs about 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports bike. UK weekly newspaper Bike News reported in 1994 - when featuring an example available through an London motorcycle retailer - of which 24 examples were produced which has a Lamborghini alloy frame having adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks and also Marvic wheels. The bodywork was plastic-type and fully integrated along with front fairing merged straight into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Bikes.
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Brand name merchandiseLamborghini licenses its model to manufacturers that produce various Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided early on that there would always be no factory-supported racing involving Lamborghinis, viewing motorsport as too expensive and too draining with company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in particular was known for considering his road car business mostly a method to obtain funding for his participation in motor racing. Ferruccio's policy led to tensions between him and also his engineers, many of whom ended up racing enthusiasts; some had previously did wonders 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 auto racing potential, one that could win on the track and also be driven traveling by enthusiasts. When Ferruccio discovered the actual project, he allowed them to travel ahead, seeing it as the potential marketing device with the company, while insisting that it'd not be raced. The P400 went to become the Miura. The closest the company located building a true race car under Lamborghini's supervision were a number of highly modified prototypes, including those built simply by factory test driver Bob Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
Within the mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to develop, then manufacture 400 cars for BMW so that you can meet Group 4 homologation demands. BMW lacked experience possessing 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 unstable finances, Lamborghini fell behind plan developing the car's design and running gear. When Lamborghini failed to offer working prototypes on time, BMW took the program internal, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the particular M1, delivering the first vehicle in October 1978.
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