Manufacturing magnate Italian Ferruccio Lamborghini founded the business in 1963 with the aim of producing a sophisticated grand touring car to take on offerings from established marques including Ferrari. The company's first designs, such as the 350 GT, were released in the actual mid-1960s and were noted for refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first several years, but sales plunged inside the 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 belly up in 1978, and was placed inside receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by means of 1984 and invested heavily within the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded from 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 while using Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini for you to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where ıt had been placed under the control with the group's Audi division. New products and model lines were introduced towards brand's portfolio and given the market and saw a heightened productivity for the company Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent financial system, Lamborghini's sales saw the drop of nearly 50 per cent.
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At the time of the 2015 model 12 months, Lamborghini's automobile product range includes 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 as well as roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as many SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a large 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 with) and outputs somewhere around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorbike. UK weekly newspaper Motor bike News reported in 1994 - when featuring an illustration available through an Essex motorcycle retailer - that 24 examples were produced using a Lamborghini alloy frame acquiring adjustable steering head point of view, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks and Marvic wheels. The bodywork was plastic-type material and fully integrated together with front fairing merged directly into fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and manufactured by French business Boxer Motorcycles.
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Branded merchandiseLamborghini licenses its model 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 or her rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would always be no factory-supported racing connected with Lamborghinis, viewing motorsport as very costly and too draining in company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in particular was known for thinking about his road car business mostly a source of funding for his contribution in motor racing. Ferruccio's policy led to be able to tensions between him in addition to his engineers, many of whom were racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development in the P400 prototype, they designed it to become a road car with race potential, one that could win within the track and also be driven on the highway by enthusiasts. When Ferruccio discovered the particular project, he allowed them to go ahead, seeing it as a potential marketing device with the company, while insisting that it'd not be raced. The P400 went on to become the Miura. The closest the company located building a true ethnic background car under Lamborghini's supervision were some highly modified prototypes, including those built by simply factory test driver William Wallace, such as the Miura SV-based "Jota" plus 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 agreement with BMW to build up, then manufacture 400 cars for BMW so as to meet Group 4 homologation requirements. BMW lacked experience possessing a mid-engined vehicle and thought that Lamborghini's experience because area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind program developing the car's design and running gear. When Lamborghini failed to offer working prototypes on time period, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named this M1, delivering the first car in October 1978.
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