Manufacturing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the objective of producing a sophisticated grand touring car to contend with offerings from established marques such as Ferrari. The company's first types, 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 to the Miura sports coupé, which established rear mid-engine, rear wheel drive since the standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first ten years, but sales plunged in the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti as well as René Leimer and upon the market in 1974. The company went belly up in 1978, and was placed inside the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership by means of 1984 and invested heavily inside company's expansion. Under the Mimrans' operations, Lamborghini's model line was expanded on the Countach to include the Jalpa low rider and the LM002 powerful 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 to help Malaysian investment group Mycom Setdco and also Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it was placed under the control with the group's Audi division. New products and design lines were introduced towards brand's portfolio and taken to the market and saw an increased productivity for the brand name Lamborghini. In the late 2000s, during the worldwide financial disaster and the subsequent economic crisis, Lamborghini's sales saw the drop of nearly 50 pct.
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By the 2015 model yr, Lamborghini's automobile product range is made of two model lines, both of which are usually mid-engine two-seat sports cars. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán series 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 much SUVs by 2018 while sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use within World Offshore Series School 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu inside) and outputs around 940 hp (seven-hundred 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 example available through an London motorcycle retailer - that 24 examples were produced which has a Lamborghini alloy frame possessing adjustable steering head position, Kawasaki GPz1000RX engine/transmission product, Ceriani front forks and also Marvic wheels. The bodywork was plastic and fully integrated using front fairing merged straight 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 Motorcycles.
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Brand merchandiseLamborghini licenses its manufacturer to manufacturers that produce a variety of Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop desktops.In contrast to his rival Enzo Ferrari, Ferruccio Lamborghini had decided in the beginning that there would always be no factory-supported racing of Lamborghinis, viewing motorsport as too costly and too draining upon company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in specific was known for taking into consideration his road car business mostly a cause of funding for his participation in motor racing. Ferruccio's policy led in order to tensions between him as well as his engineers, many of whom were racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development of 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 on your way by enthusiasts. When Ferruccio discovered your project, he allowed them to look ahead, seeing it as any potential marketing device for your company, while insisting that it'd not be raced. The P400 went to become the Miura. The closest the company came to building a true ethnic background car under Lamborghini's supervision were a number of highly modified prototypes, including those built by factory test driver Chad Wallace, such as the Miura SV-based "Jota" as well as 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 in order to meet Group 4 homologation specifications. BMW lacked experience creating a mid-engined vehicle and believed that Lamborghini's experience in this area would make Lamborghini a perfect choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind routine developing the car's structure and running gear. When Lamborghini failed to supply working prototypes on time period, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to create the car, which BMW named your M1, delivering the first car or truck in October 1978.
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