Manufacturing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the aim of producing a refined grand touring car to compete with offerings from established marques for example Ferrari. The company's first models, such as the 350 GT, were released in the actual 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 since the standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first 10 years, but sales plunged in the wake of the 1973 worldwide financial downturn and also the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti and also René Leimer and outdated in 1974. The company went insolvent in 1978, and was placed inside receivership of brothers Jean-Claude in addition to Patrick Mimran in 1980. The Mimrans purchased this company out of receivership through 1984 and invested heavily inside the company's expansion. Under the Mimrans' administration, Lamborghini's model line was expanded on the Countach to include the Jalpa expensive car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach while using Diablo and discontinuing the Jalpa along with the LM002, Chrysler sold Lamborghini to help Malaysian investment group Mycom Setdco in addition to Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini on the Volkswagen Group where it had been placed under the control on the group's Audi division. New products and type lines were introduced for the brand's portfolio and brought to the market and saw a higher productivity for the brand name Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent financial crisis, Lamborghini's sales saw the drop of nearly 50 pct.
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By the 2015 model season, Lamborghini's automobile product range is made of two model lines, both of which tend to be mid-engine two-seat sports vehicles. The V12-powered Aventador line is made of the LP 700-4 coupé and roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé as well as roadster, as well as the actual less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as many SUVs by 2018 because 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 within) and outputs around 940 hp (800 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of any 1, 000 cc sports street bike. UK weekly newspaper Motor bike News reported in 1994 - when featuring a sample available through an Essex motorcycle retailer - that 24 examples were produced that has a Lamborghini alloy frame acquiring adjustable steering head perspective, Kawasaki GPz1000RX engine/transmission unit, Ceriani front forks along with Marvic wheels. The bodywork was plastic and fully integrated using front fairing merged into fuel tank and seat cover ending in a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and that is generated by French business Boxer Motorbikes.
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Printed merchandiseLamborghini licenses its manufacturer to manufacturers that produce many different Lamborghini-branded consumer goods such as scale models, clothing, accessories, bags, electronics and laptop personal computers.In contrast to their rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would become no factory-supported racing involving Lamborghinis, viewing motorsport as too expensive and too draining on company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority as a result of motorsport participation. Enzo Ferrari in specific was known for thinking of his road car business mostly a method to obtain funding for his contribution in motor racing. Ferruccio's policy led in order to tensions between him as well as his engineers, many of whom had been racing enthusiasts; some had previously worked well at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their spare time to the development with the P400 prototype, they designed it becoming a road car with auto racing potential, one that could win within the track and also be driven on the road by enthusiasts. When Ferruccio discovered your project, he allowed them to travel ahead, seeing it as the potential marketing device for your company, while insisting that it would not be raced. The P400 went on become the Miura. The closest the company came to building a true competition car under Lamborghini's supervision were a few highly modified prototypes, including those built by simply factory test driver Frank Wallace, such as the Miura SV-based "Jota" and also the Jarama S-based "Bob Wallace Special".
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From the mid-1970s, while Lamborghini was underneath the management of Georges-Henri Rossetti, Lamborghini entered into a good agreement with BMW to formulate, then manufacture 400 cars for BMW in order to meet Group 4 homologation needs. BMW lacked experience making a mid-engined vehicle and presumed that Lamborghini's experience as area would make Lamborghini the best choice of partner. Due to Lamborghini's unsure finances, Lamborghini fell behind plan developing the car's design and running gear. When Lamborghini failed to produce working prototypes on occasion, BMW took the program inside, finishing development without Lamborghini. BMW contracted with Baur to provide the car, which BMW named the actual M1, delivering the first car or truck in October 1978.
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