Category: Automotive History
Facts of Lamborghini Automobile. The Lamborghini Car is a luxury sports sedan manufacturing business in Italy, and it has its head office and production plant is situated in Sant'Agata Bolognese, Italy. Formerly, the business was manufacturing sport utility vehicles, and it is owned by the Volkswagen Group through its auxiliary product division Audi. As of the 2011, Lamborghini was operating with 831 employees and manufactured 1,711 cars.
History of Lamborghini Automobile
Automobili Ferruccio Lamborghini S.P.A was founded in 1963 by Ferruccio Lamborghini, who is an Italian automobile manufacturing magnate. The company was established with the goal of manufacturing a sophisticated grand touring sedan to vie with offerings from well-known Marques, like Ferrari. The first models of Lamborghini were discharged in the middle part of the 1960s and were renowned for their sophistication, power and soothe. The business gained extensive acclamation in the year 1966 for the Miura sports car, which established back mid-engine, back wheel drive as the standard plan for high-performance sedans of the period.
Lamborghini developed very quickly during its initial decade, but the sales of the business were plunged during the wake of the 1973 financial recession and the oil disaster all over the world. Ferruccio Lamborghini had put up the ownership of the business for sale to René Leimer and Georges-Henri Rossetti and stopped working from 1974. In 1978, the business went insolvent, and was positioned in the receivership of brothers Patrick Mimran and Jean-Claude Mimran in 1980. The Mimran brothers purchased the business out of receivership by the year 1984 and invested a great deal in the expansion of the company. Under the administration of Mimrans, the model line of the business was extended from the Countach to incorporate the Jalpa sports sedan and the high performance off-road car, the LM002.
In 1987, the Mimrans sold the business to the Chrysler Corporation. Subsequent to replacing the Countach through the Diablo, the manufacturing the LM002 and the Jalpa was stopped. Then in 1994, the business was again sold to Mycom Setdco, an investment group of Malaysia and to the group V'Power Corporation in Indonesia.
During 1998, V'Power and Mycom Setdco sold the company to the Volkswagen Group, where it was held under the control of the Audi division of the Volkswagen Group. Innovative brands and model line ups were brought into the portfolio of the brand, and brought to the automobile market and observed an increased output for the Lamborghini product. During the late 2000s, during the global monetary crisis and the following financial crisis, the sales of Lamborghini cars saw a drop of almost 50 percent.
At the 2008 Paris Motor Show, Lamborghini exposed the Estoque, which is a four-door automobile concept at the Motor Show in Paris in the year 2008, the Sesto Elemento at the Motor Show in Paris in the year 2010 and the Aventador J and the Urus SUV at the Motor Show in Beijing in the year 2012.
On or after the 2014 model year, the automobile product array of Lamborghini is made up of two model lineups, both of which are the middle-engine, two-seat designed sports sedans. The V12-motorized Aventador line up is made up of the LP 700–4 sedan and roadster. Currently, the V10-motorized Huracán lineup includes the LP 610-4 sedan only.
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