Production magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a sophisticated grand touring car to contest 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 refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because the standard layout for high-performance cars from the era.Lamborghini grew rapidly during its first several years, but sales plunged within the wake of the 1973 worldwide financial downturn as well as the oil crisis. Ferruccio Lamborghini sold ownership with the company to Georges-Henri Rossetti and René Leimer and on in 1974. The company went broke in 1978, and was placed inside receivership of brothers Jean-Claude and also Patrick Mimran in 1980. The Mimrans purchased the corporation out of receivership through 1984 and invested heavily in the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded in the Countach to include the Jalpa fancy car and the LM002 top rated off-road vehicle.The Mimrans sold Lamborghini towards 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 as well as Indonesian group V'Power Institution in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where ıt had been placed under the control with the group's Audi division. New products and model lines were introduced on the brand's portfolio and brought to the market and saw an increased productivity for the model Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent recession, Lamborghini's sales saw a new drop of nearly 50 %.
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As of the 2015 model calendar year, Lamborghini's automobile product range consists of two model lines, both of which tend to be mid-engine two-seat sports cars. The V12-powered Aventador line includes the LP 700-4 coupé in addition to roadster. The V10-powered Huracán collection currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing numerous SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a substantial V12 marine engine block for use in World Offshore Series Category 1 powerboats. A Lamborghini branded underwater engine displaces approximately 8, 171 cc (499 cu with) and outputs roughly 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports motorcycle. UK weekly newspaper Tandem News reported in 1994 - when featuring a good example available through an Essex motorcycle retailer - in which 24 examples were produced that has a Lamborghini alloy frame acquiring adjustable steering head angle, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks along with Marvic wheels. The bodywork was plastic-type material and fully integrated using front fairing merged directly into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were created by Lamborghini stylists and created by French business Boxer Bicycles.
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Brand name merchandiseLamborghini licenses its brand name to manufacturers that produce various Lamborghini-branded consumer goods as well as scale models, clothing, accessories, bags, electronics and laptop pcs.In contrast to his / her rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would be no factory-supported racing associated with Lamborghinis, viewing motorsport as too costly and too draining upon company resources. [citation needed] This was unusual for your time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority through motorsport participation. Enzo Ferrari in unique was known for thinking of his road car business mostly a way to obtain funding for his contribution in motor racing. Ferruccio's policy led in order to tensions between him in addition to his engineers, many of whom were racing enthusiasts; some had previously did wonders at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their extra time to the development with the P400 prototype, they designed it as a road car with sporting potential, one that could win about the track and also be driven on your way by enthusiasts. When Ferruccio discovered this project, he allowed them to search ahead, seeing it as any potential marketing device to the company, while insisting that it could not be raced. The P400 went onto become the Miura. The closest the company reached building a true competition car under Lamborghini's supervision were a couple of highly modified prototypes, including those built by factory test driver Bob Wallace, such as the Miura SV-based "Jota" and the Jarama S-based "Bob Wallace Special".
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Inside mid-1970s, while Lamborghini was under the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order 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 believed that Lamborghini's experience because area would make Lamborghini the perfect choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind schedule developing the car's framework and running gear. When Lamborghini failed to offer working prototypes on time period, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the particular M1, delivering the first auto in October 1978.
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