The Volkswagen Group owns the organization through its subsidiary company Audi.
The business gained wide acclaim for the Miura sports coup�, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars of the era in 1966. Sales plunged in the aftermath of the 1973 global financial decline along with the oil crisis, although Lamborghini grew rapidly during its first decade. The firm’s ownership changed three times including a bankruptcy in 1978, after 1973. In 1998, V’Power and Mycom Setdco sold Lamborghini where it had been put under the control of the group’s Audi department.
New products and version lines were introduced to the portfolio of the brand and brought to the marketplace and saw an increased productivity. In the late 2000s, during the following economic crisis as well as the worldwide financial disaster, Lamborghini’s sales saw a drop of almost 50 percent.
Lamborghini produces V12 engines and sports cars for offshore powerboat racing. Lamborghini currently produces the V12-powered Aventador along with the V10- .
Making magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of creating a grand touring car that was processed to compete with offerings from established marques like Ferrari. The company’s first models, like the 350 GT, were released in the mid-1960s and were noticed for power their refinement and relaxation. Lamborghini gained wide acclaim for the Miura sports coup�, which created rear mid-engine, rear wheel drive as the conventional layout for high performance automobiles of the age.
Lamborghini grew quickly during its first ten years, but sales plunged in the aftermath of the 1973 worldwide fiscal downturn along with the petroleum disaster. Ferruccio Lamborghini sold possession of the firm to Georges- Henri Rossetti and Ren� Leimer and retired in 1974. The firm went bankrupt and was put in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans invested greatly in the expansion of the company’s and bought the business out of receivership. In the Countach, the version line of Lamborghini was enlarged beneath the Mimrans’ direction to include the Jalpa sports car as well as the LM002 high performance off-road vehicle.
The Mimrans sold Lamborghini to the Chrysler Corporation. After discontinuing the Jalpa and the LM002 and replacing the Countach with the Diablo, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco and Indonesian group V’Power Corporation. In 1998, Mycom Setdco and V’Power sold Lamborghini to the Volkswagen Group where it had been placed underneath the control of the Audi department of the group. New products and found an increased productivity for the brand Lamborghini and brought to the marketplace and model lines were introduced to the brand’s portfolio. In the late 2000s, through the worldwide financial crisis and also the following economic crisis, the sales of Lamborghini saw a drop of almost 50 percent.
As of the 2015 model year, Lamborghini’s automobile product range consists of two model lines, each of which are mid-engine two-seat sports cars. The V12-powered Aventador line is made from the LP 700�4 coup� and roadster. The V10-powered Hurac�n line currently contains the all-wheel-drive LP 610-4 coup� and roadster, as well as the less powerful rear-wheel-drive LP 580-2 coup�. Lamborghini intends to double its auto production by producing by 2018 as sports cars.