Automobili Lamborghini S.p.A. (Italian: [lambor’gi?ni] ( listen)) is an Italian brand and manufacturer of luxury sports cars and SUVs based in Sant’Agata Bolognese, Italy. The Volkswagen Group owns the business through its subsidiary Audi.
Ferruccio Lamborghini, an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with established marques, including Ferrari. The company gained wide acclaim for the Miura sports coup�, which established back mid-engine, rear wheel drive as the conventional layout for high-performance cars of the age in 1966. Lamborghini grew quickly during its first decade, but sales dropped in the aftermath of the 1973 worldwide financial downturn along with the petroleum disaster. Three times changed including a bankruptcy in 1978, after 1973. In 1998, V’Power and Mycom Setdco sold Lamborghini to the Volkswagen Group where it was put under the control of the group’s Audi office.
New products and model lines were introduced to the brand’s portfolio and brought to the market and found an increased productivity for the brand Lamborghini. In the late 2000s, through the global financial crisis as well as the following economic crisis, Lamborghini’s sales saw a drop of nearly 50 percent.
Lamborghini creates sports cars and V12 engines for offshore powerboat racing. Lamborghini now produces the V12-powered Aventador and the V10- powered Hurac�n.
The business ‘s first models, such as the 350 GT, were released in the mid-1960s and were noted for power their refinement and comfort. Lamborghini gained wide acclaim for the Miura sports coup�, which established back mid-engine, rear wheel drive as the conventional layout for high-performance automobiles of the age.
Sales dropped in the wake of the 1973 world-wide financial downturn and also the petroleum crisis, although Lamborghini grew rapidly during its first ten years. Ferruccio Lamborghini sold ownership of the business to Georges- Henri Rossetti and Ren� Leimer and retired in 1974. The company went bankrupt in 1978, and was put in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans invested heavily in the expansion of the company’s and purchased the company from receivership. Under the Mimrans’ direction, Lamborghini’s version line was expanded in the Countach to include the Jalpa sports car along with the LM002 high performance off-road vehicle.
The Mimrans sold Lamborghini in 1987 to the Chrysler Corporation. In 1998, V’Power and Mycom Setdco sold Lamborghini to the Volkswagen Group where it had been put underneath the control of the group’s Audi division. New products and version lines were introduced to the brand’s portfolio and brought to the market and saw an increased productivity for the brand Lamborghini. In the late 2000s, throughout the global financial crisis and also the subsequent economic crisis, Lamborghini’s sales saw a drop of nearly 50 percent.
As of the 2015 model year, Lamborghini’s car product range contains two model lines, both of which are mid-engine two-seat sports cars. The V12-powered Aventador line consists of the LP 700�4 coup� and roadster. The V10-powered Hurac�n line now includes the all-wheel-drive LP 610-4 coup� and roadster, in addition to the less powerful rear-wheel-drive LP 580-2 coup�. By producing as many SUVs by 2018, Lamborghini means to double its car production.