The Mimrans purchased the company out of receivership by 1984 and invested heavily in its expansion. The company went bankrupt in 1978, and was placed in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. Ferruccio Lamborghini sold the company to Georges-Henri Rossetti and René Leimer and retired in 1974. Lamborghini grew rapidly during its first ten years, but sales fell in the wake of the 1973 worldwide financial downturn and the oil crisis. Lamborghini was noted for the 1966 Miura sports coupé, which used a rear mid-engine, rear-wheel drive layout. The company's first models, such as the 350 GT, were released in the mid-1960s. 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. Since 1973, Lamborghini Trattori has been a separate entity from the automobile manufacturer.įerruccio Lamborghini with a Jarama and a tractor of his brand Lamborghini Trattori, founded in 1948 by Ferruccio Lamborghini, is headquartered in Pieve di Cento, Italy and continues to produce tractors. In addition, the company produces V12 engines for offshore powerboat racing. Lamborghini currently produces the V12-powered Aventador and the V10-powered Huracán, along with the Urus SUV powered by a twin-turbo V8 engine.
In the late 2000s, during the worldwide financial crisis and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 per cent. 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. 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. 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. The firm's ownership changed three times after 1973, including a bankruptcy in 1978. Lamborghini grew rapidly during its first decade, but sales plunged in the wake of the 1973 worldwide financial downturn and the oil crisis. The company was noted for using a rear mid-engine, rear-wheel drive layout. The company is owned by the Volkswagen Group through its subsidiary Audi.įerruccio Lamborghini (1916–1993), an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A.
( Italian pronunciation: ) is an Italian manufacturer of luxury sports cars and SUVs based in Sant'Agata Bolognese.
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