Producing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a refined grand touring car to contest with offerings from established marques for instance Ferrari. The company's first types, such as the 350 GT, were released in the mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for that Miura sports coupé, which established rear mid-engine, rear wheel drive for the reason that standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first 10 years, but sales plunged inside the wake of the 1973 worldwide financial downturn plus the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and also René Leimer and retired in 1974. The company went bankrupt in 1978, and was placed in the receivership of brothers Jean-Claude along with Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by means of 1984 and invested heavily within the company's expansion. Under the Mimrans' supervision, Lamborghini's model line was expanded from your 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 using the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco along with Indonesian group V'Power Firm in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it turned out placed under the control on the group's Audi division. New products and model lines were introduced towards brand's portfolio and exposed to the market and saw a greater productivity for the brand name 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 per cent.
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Since the 2015 model year, Lamborghini's automobile product range consists of two model lines, both of which are mid-engine two-seat sports cars. The V12-powered Aventador line involves the LP 700-4 coupé and also roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as the less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing numerous SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a large V12 marine engine block for use in World Offshore Series School 1 powerboats. A Lamborghini branded marine engine displaces approximately 8, 171 cc (499 cu within) and outputs around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of the 1, 000 cc sports street bike. UK weekly newspaper Tandem News reported in 1994 - when featuring an illustration available through an London motorcycle retailer - in which 24 examples were produced using a Lamborghini alloy frame having adjustable steering head position, Kawasaki GPz1000RX engine/transmission system, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic-type and fully integrated with front fairing merged straight into fuel tank and seat cover ending in a very rear tail-fairing. The motorcycles were designed by Lamborghini stylists and created by French business Boxer Bikes.
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Printed merchandiseLamborghini licenses its company to manufacturers that produce many different Lamborghini-branded consumer goods which include scale models, clothing, accessories, bags, electronics and laptop computer systems.In contrast to the rival Enzo Ferrari, Ferruccio Lamborghini had decided ahead of time that there would always be no factory-supported racing regarding Lamborghinis, viewing motorsport as too costly and too draining in 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 means of motorsport participation. Enzo Ferrari in specific was known for taking into consideration his road car business mostly a way to obtain funding for his participation in motor racing. Ferruccio's policy led in order to tensions between him and also his engineers, many of whom were being racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development with the P400 prototype, they designed it to be a road car with race potential, one that could win within the track and also be driven on the road by enthusiasts. When Ferruccio discovered the project, he allowed them to look ahead, seeing it as a potential marketing device for your company, while insisting that it could not be raced. The P400 went to become the Miura. The closest the company reached building a true battle car under Lamborghini's supervision were a number of highly modified prototypes, including those built by 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 underneath the management of Georges-Henri Rossetti, Lamborghini entered into a great agreement with BMW to formulate, then manufacture 400 cars for BMW as a way to meet Group 4 homologation requirements. BMW lacked experience creating a mid-engined vehicle and assumed that Lamborghini's experience in this 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 offer working prototypes on period, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to make the car, which BMW named the particular M1, delivering the first car or truck in October 1978.
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