Automobili Lamborghini S.p.A. (Italian: [lambor’gi?ni] ( listen)) is an Italian brand and maker of high-end sports cars and SUVs based in Sant’Agata Bolognese, Italy. The organization is owned by the Volkswagen Group through its subsidiary company Audi.
Ferruccio Lamborghini, an Italian making magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with established marques, including Ferrari. The organization gained wide acclaim for the Miura sports coup�, which created rear mid-engine, rear wheel drive as the standard layout for high performance automobiles of the age in 1966. Lamborghini grew quickly during its first decade, but sales plunged in the aftermath of the 1973 world-wide financial downturn along with the petroleum disaster. The firm’s ownership changed three times after 1973, including a bankruptcy in 1978. American Chrysler Corporation sold it to Malaysian investment group Mycom Setdco and Indonesian group V’Power Corporation in 1994 and took control of Lamborghini in 1987. In 1998, V’Power and Mycom Setdco sold Lamborghini to the Volkswagen Group where it was placed under the control of the Audi department of the group.
New products and version lines were introduced to the portfolio of the brand and brought to the marketplace and found an increased productivity. In the late 2000s, through the following economic crisis as well as the global financial crisis, 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 as well as the V10- .
The first models, such as the 350 GT of the company’s, were released in the mid-1960s and were noticed for relaxation, power and their refinement. Lamborghini gained wide acclaim for the Miura sports coup�, which created back mid-engine, rear wheel drive as the standard layout for high performance automobiles of the era in 1966.
Sales dropped in the aftermath of the petroleum disaster and the 1973 world-wide financial decline, although Lamborghini grew rapidly during its first ten years. Ferruccio Lamborghini sold possession of the company to Georges- Ren� Leimer and Henri Rossetti and retired in 1974. The firm went bankrupt in 1978, and was put into the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The company was bought by the Mimrans from receivership and invested greatly in the company’s growth. Underneath the Mimrans’ direction, Lamborghini’s model line was expanded from the Countach to include the Jalpa sports car along with the LM002 high performance off-road vehicle.
Lamborghini was sold by the Mimrans in 1987 to the Chrysler Corporation. After replacing the Countach with all the Diablo and discontinuing the Jalpa and the LM002, Chrysler sold Lamborghini to Malaysian investment group Mycom Setdco and Indonesian group V’Power Corporation. In 1998, Mycom Setdco and V’Power sold Lamborghini where it had been put under the control of the Audi department of the group. New products and model lines were introduced to the portfolio of the brand and brought to the market and found an increased productivity. In the late 2000s, throughout the worldwide financial disaster as well as the subsequent economic crisis, the sales of Lamborghini saw a drop of almost 50 percent.
Lamborghini means to double its car production by producing as sports cars by 2018 as many SUVs.