Making magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a sophisticated grand touring car to compete with offerings from established marques for example Ferrari. The company's first types, such as the 350 GT, were released in this mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 to the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars with the era.Lamborghini grew rapidly during its first ten years, but sales plunged from the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti along with René Leimer and outdated in 1974. The company went broke in 1978, and was placed in the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the organization out of receivership simply by 1984 and invested heavily within the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded through the Countach to include the Jalpa expensive car and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using the Diablo and discontinuing the Jalpa as well as the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Corporation 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 model lines were introduced towards brand's portfolio and brought to the market and saw a heightened productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent recession, Lamborghini's sales saw some sort of drop of nearly 50 percent.
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Since the 2015 model yr, Lamborghini's automobile product range consists of two model lines, both of which are generally mid-engine two-seat sports cars. The V12-powered Aventador line contains the LP 700-4 coupé along with roadster. The V10-powered Huracán line currently includes the all-wheel-drive LP 610-4 coupé and also 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 because sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for use within World Offshore Series Category 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu throughout) and outputs around 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of your 1, 000 cc sports motorbike. UK weekly newspaper Motor bike News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - which 24 examples were produced which has a Lamborghini alloy frame possessing adjustable steering head position, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks and also Marvic wheels. The bodywork was plastic-type material and fully integrated together with front fairing merged directly into fuel tank and seat cover ending in the rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Motorbikes.
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Branded merchandiseLamborghini licenses its brand name to manufacturers that produce various Lamborghini-branded consumer goods including scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided in early stages that there would always be no factory-supported racing involving Lamborghinis, viewing motorsport as too costly and too draining upon 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 unique was known for thinking about his road car business mostly a cause of funding for his contribution in motor racing. Ferruccio's policy led for you to tensions between him and also his engineers, many of whom have been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development with the P400 prototype, they designed it to become a road car with rushing potential, one that could win about the track and also be driven traveling by enthusiasts. When Ferruccio discovered the project, he allowed them to visit ahead, seeing it as a potential marketing device with the company, while insisting that it might not be raced. The P400 went on become the Miura. The closest the company located building a true battle car under Lamborghini's supervision were some highly modified prototypes, including those built through factory test driver Joe 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 within the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW in order to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation needs. BMW lacked experience creating a mid-engined vehicle and considered that Lamborghini's experience in that area would make Lamborghini the best choice of partner. Due to Lamborghini's unreliable finances, Lamborghini fell behind schedule developing the car's composition and running gear. When Lamborghini failed to provide working prototypes on period, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the M1, delivering the first vehicle in October 1978.
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