Manufacturing magnate Italian Ferruccio Lamborghini founded the corporation in 1963 with the objective of producing a polished grand touring car to contend with offerings from established marques for instance Ferrari. The company's first models, such as the 350 GT, were released in the particular 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 because the standard layout for high-performance cars of the era.Lamborghini grew rapidly during its first decade, but sales plunged inside wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership from the company to Georges-Henri Rossetti along with René Leimer and on in 1974. The company went bankrupt in 1978, and was placed from the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased the business out of receivership simply by 1984 and invested heavily inside the company's expansion. Under the Mimrans' managing, Lamborghini's model line was expanded on the Countach to include the Jalpa fancy car and the LM002 powerful off-road vehicle.The Mimrans sold Lamborghini for the Chrysler Corporation in 1987. After replacing the Countach while using 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 Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini towards the Volkswagen Group where it had been placed under the control in the group's Audi division. New products and model lines were introduced for 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 financial crisis and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 percent.
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As of the 2015 model 12 months, Lamborghini's automobile product range is made of two model lines, both of which tend to be mid-engine two-seat sports automobiles. The V12-powered Aventador line consists of the LP 700-4 coupé along with roadster. The V10-powered Huracán range currently includes the all-wheel-drive LP 610-4 coupé and also roadster, as well as the particular less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to double its car production by producing as numerous SUVs by 2018 as sports cars.Motori Marini Lamborghini produces a big V12 marine engine block for easy use in World Offshore Series Category 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu in) and outputs somewhere around 940 hp (900 kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of an 1, 000 cc sports street bike. UK weekly newspaper Bike News reported in 1994 - when featuring an illustration available through an Kent motorcycle retailer - of which 24 examples were produced which has a Lamborghini alloy frame obtaining adjustable steering head position, Kawasaki GPz1000RX engine/transmission device, Ceriani front forks in addition to Marvic wheels. The bodywork was plastic and fully integrated along with front fairing merged straight into fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were designed by Lamborghini stylists and produced by French business Boxer Motorbikes.
Lamborghini Countach LP 400
Brand name merchandiseLamborghini licenses its model to manufacturers that produce a range of 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 at the beginning that there would always be no factory-supported racing associated with Lamborghinis, viewing motorsport as too costly and too draining with company resources. [citation needed] This was unusual for the time, as many sports car manufacturers sought to show the speed, reliability, and technical superiority by means of motorsport participation. Enzo Ferrari in distinct was known for thinking of his road car business mostly a cause of funding for his taking part in motor racing. Ferruccio's policy led to help tensions between him and also his engineers, many of whom were racing enthusiasts; some had previously proved helpful at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their time to the development from the P400 prototype, they designed it to become a road car with race potential, one that could win about the track and also be driven on the road by enthusiasts. When Ferruccio discovered the actual project, he allowed them to travel 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 found building a true contest car under Lamborghini's supervision were some highly modified prototypes, including those built simply 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 underneath the management of Georges-Henri Rossetti, Lamborghini entered into a agreement with BMW in order to develop, then manufacture 400 cars for BMW to be able to meet Group 4 homologation demands. BMW lacked experience making a mid-engined vehicle and considered that Lamborghini's experience for the reason that area would make Lamborghini an ideal choice of partner. Due to Lamborghini's unstable finances, Lamborghini fell behind program developing the car's framework and running gear. When Lamborghini failed to provide working prototypes on occasion, BMW took the program in house, finishing development without Lamborghini. BMW contracted with Baur to produce the car, which BMW named the M1, delivering the first automobile in October 1978.
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