Production magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the objective of producing a polished grand touring car to take on offerings from established marques like Ferrari. The company's first types, such as the 350 GT, were released in the mid-1960s and were noted for his or her refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars of 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 of the company to Georges-Henri Rossetti along with René Leimer and on in 1974. The company went insolvent in 1978, and was placed inside receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased this company out of receivership through 1984 and invested heavily inside company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded through the Countach to include the Jalpa sports vehicle and the LM002 good performance off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach with the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco along with Indonesian group V'Power Company in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it turned out placed under the control from the group's Audi division. New products and design lines were introduced on the brand's portfolio and given the market and saw an elevated productivity for the brand Lamborghini. In the late 2000s, during the worldwide financial doom and gloom and the subsequent financial system, Lamborghini's sales saw a new drop of nearly 50 %.
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At the time of the 2015 model year, Lamborghini's automobile product range consists of two model lines, both of which are usually mid-engine two-seat sports cars. The V12-powered Aventador line consists of the LP 700-4 coupé and roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to increase its car production by producing several SUVs by 2018 since sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for used in World Offshore Series Class 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu throughout) and outputs roughly 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring an example available through an Essex motorcycle retailer - of which 24 examples were produced using a Lamborghini alloy frame acquiring adjustable steering head position, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks as well as Marvic wheels. The bodywork was plastic-type material and fully integrated together with front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and that is generated by French business Boxer Bicycles.
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Brand merchandiseLamborghini licenses its manufacturer 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 their rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would end up being no factory-supported racing involving Lamborghinis, viewing motorsport as very costly and too draining in company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in certain was known for contemplating his road car business mostly a supply of funding for his taking part in motor racing. Ferruccio's policy led to tensions between him along with his engineers, many of whom were racing enthusiasts; some had previously labored at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development on the P400 prototype, they designed it to become a road car with race potential, one that could win for the track and also be driven traveling by enthusiasts. When Ferruccio discovered your project, he allowed them to visit ahead, seeing it as a potential marketing device for your company, while insisting that it could not be raced. The P400 went on become the Miura. The closest the company came to building a true contest car under Lamborghini's supervision were a couple of highly modified prototypes, including those built through factory test driver Bob Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was beneath management of Georges-Henri Rossetti, Lamborghini entered into an agreement with BMW to produce, then manufacture 400 cars for BMW as a way to meet Group 4 homologation demands. BMW lacked experience possessing 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 unstable finances, Lamborghini fell behind timetable developing the car's framework and running gear. When Lamborghini failed to produce working prototypes on time period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the M1, delivering the first automobile in October 1978.
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