Manufacturing magnate Italian Ferruccio Lamborghini founded the organization in 1963 with the aim of producing a enhanced grand touring car to contest with offerings from established marques including Ferrari. The company's first versions, such as the 350 GT, were released in your mid-1960s and were noted with regards to refinement, power and comfort. Lamborghini gained wide acclaim in 1966 with the Miura sports coupé, which established rear mid-engine, rear wheel drive because standard layout for high-performance cars in the era.Lamborghini grew rapidly during its first a decade, but sales plunged in the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership in the company to Georges-Henri Rossetti and René Leimer and upon the market in 1974. The company went broke in 1978, and was placed from the receivership of brothers Jean-Claude as well as Patrick Mimran in 1980. The Mimrans purchased this company out of receivership by 1984 and invested heavily inside company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded on the Countach to include the Jalpa sports vehicle and the LM002 high end off-road vehicle.The Mimrans sold Lamborghini towards Chrysler Corporation in 1987. After replacing the Countach with all the Diablo and discontinuing the Jalpa and also the LM002, Chrysler sold Lamborghini in order to Malaysian investment group Mycom Setdco and Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini for the Volkswagen Group where it was placed under the control from the group's Audi division. New products and style lines were introduced on the brand's portfolio and taken to the market and saw a higher productivity for the brand Lamborghini. In the late 2000s, during the worldwide economic crisis and the subsequent economic crisis, Lamborghini's sales saw any drop of nearly 50 pct.
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At the time of the 2015 model calendar year, Lamborghini's automobile product range consists of two model lines, both of which are mid-engine two-seat sports autos. The V12-powered Aventador line consists of the LP 700-4 coupé in addition to roadster. The V10-powered Huracán brand currently includes the all-wheel-drive LP 610-4 coupé in addition to roadster, as well as this less powerful rear-wheel-drive LP 580-2 coupé. Lamborghini intends to dual its car production by producing as numerous SUVs by 2018 seeing that sports cars.Motori Marini Lamborghini produces a huge V12 marine engine block for easy use in World Offshore Series Type 1 powerboats. A Lamborghini branded boat engine displaces approximately 8, 171 cc (499 cu in) and outputs about 940 hp (seven hundred kW).Lamborghini motorcycleIn the mid-1980s, Lamborghini produced a limited-production run of a 1, 000 cc sports street bike. UK weekly newspaper Tandem News reported in 1994 - when featuring an example available through an Essex motorcycle retailer - that will 24 examples were produced having a Lamborghini alloy frame having adjustable steering head viewpoint, Kawasaki GPz1000RX engine/transmission model, Ceriani front forks in addition to Marvic wheels. The bodywork was cheap and fully integrated with front fairing merged in fuel tank and seat cover ending inside a rear tail-fairing. The motorcycles were created by Lamborghini stylists and made by French business Boxer Bicycles.
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Top quality merchandiseLamborghini licenses its manufacturer to manufacturers that produce many different Lamborghini-branded consumer goods which includes scale models, clothing, accessories, bags, electronics and laptop computers.In contrast to his or her rival Enzo Ferrari, Ferruccio Lamborghini had decided at the beginning that there would possibly be no factory-supported racing associated with Lamborghinis, viewing motorsport as too expensive and too draining about company resources. [citation needed] This was unusual for that time, as many sports car manufacturers sought to demonstrate the speed, reliability, and technical superiority by way of motorsport participation. Enzo Ferrari in unique was known for contemplating his road car business mostly a way to obtain funding for his participation in motor racing. Ferruccio's policy led to tensions between him as well as his engineers, many of whom had been racing enthusiasts; some had previously worked at Ferrari. When Dallara, Stanzani, and Wallace began dedicating their free time to the development in the P400 prototype, they designed it as a road car with racing potential, one that could win for the track and also be driven while travelling by enthusiasts. When Ferruccio discovered this project, he allowed them to look ahead, seeing it as any 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 contest car under Lamborghini's supervision were a couple of highly modified prototypes, including those built through factory test driver Chad Wallace, such as the Miura SV-based "Jota" and also 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 good agreement with BMW to produce, then manufacture 400 cars for BMW as a way to meet Group 4 homologation requirements. BMW lacked experience having a mid-engined vehicle and presumed that Lamborghini's experience in this area would make Lamborghini the perfect choice of partner. Due to Lamborghini's shaky finances, Lamborghini fell behind schedule developing the car's framework and running gear. When Lamborghini failed to offer working prototypes on period, BMW took the program internally, finishing development without Lamborghini. BMW contracted with Baur to generate the car, which BMW named the M1, delivering the first car or truck in October 1978.
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