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Lamborghini

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Lamborghini
Vehicle Marque

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Official Site: Lamborghini.com
Wikipedia: Lamborghini

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Corporate Name: Automobili Lamborghini S.p.A.

An Italian manufacturer of sports cars.  The full name of the company is Automobili Lamborghini.  It was originally a tractor company and became an automobile company in 1963.  Based in Sant'Agata Bolognese, Italy.

Vehicle names used by Lamborghini currently and throughout history include:  350GT, Aventador, Countach, Diablo, Egoista, Espada, Gallardo, Huracán, Jalpa, Miura, Murciélago, Terzo Millennio, Urus, and Veneno.

History

The following section is an excerpt from Wikipedia's Lamborghini page on 1 January 2018, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

Automobili Lamborghini S.p.A. is an Italian brand and manufacturer of luxury supercars, sports cars and SUVs based in Sant'Agata Bolognese, Italy. The company is owned by the Volkswagen Group 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 in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars of the era. Lamborghini grew rapidly during its first decade, but sales plunged in the wake of the 1973 worldwide financial downturn and the oil crisis. The firm's ownership changed three times after 1973, including a bankruptcy in 1978. American Chrysler Corporation took control of Lamborghini in 1987 and sold it to Malaysian investment group Mycom Setdco and Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control of the group's Audi division.

New products and model 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, during the worldwide financial crisis and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 percent.

Lamborghini produces sports cars and V12 engines for offshore powerboat racing. Lamborghini currently produces the V12-powered Aventador and the V10-powered Huracán.

Manufacturing magnate Italian Ferruccio Lamborghini founded the company in 1963 with the objective of producing a refined grand touring car to compete with offerings from established marques such as Ferrari. The company's first models, such as the 350 GT, were released in the mid-1960s and were noted for their refinement, power and comfort. Lamborghini gained wide acclaim in 1966 for the Miura sports coupé, which established rear mid-engine, rear wheel drive as the standard layout for high-performance cars of the era.

Lamborghini grew rapidly during its first ten years, but sales plunged in the wake of the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and René Leimer and retired in 1974. The company went bankrupt in 1978, and was placed in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the company out of receivership by 1984 and invested heavily in the company's expansion. Under the Mimrans' management, Lamborghini's model line was expanded from the Countach to include the Jalpa sports car and the LM002 high performance off-road vehicle.

The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing the Countach with 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 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control of the group's Audi division. New products and model 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, during the worldwide financial crisis and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 percent.


Article Index

DateArticleAuthor/Source
17 September 20098 Facts You Must Know About LamborghiniCarolina Design
31 July 2013Getting A Stylish Lamborghini Provides Massive ThrillsJustas Kanskis
28 January 2014Lamborghini Gallardo LP570-4 Superleggera And Aventador LP700-4 Gallery Matt Hubbard, Speedmonkey
11 February 2016Automobili Lamborghini S.p.A., Grant of Petition for Decision of Inconsequential NoncomplianceFederal Register: NHTSA (Jeffrey M. Giuseppe)


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