Automobili Lamborghini S.p.A., or simply Lamborghini, (Italian: [lamborˈɡiːni] ( listen)) designs, engineers, manufactures and distributes luxury sports cars. Lamborghini's production facility and headquarters are located in Sant'Agata Bolognese, Italy. In 2011, Lamborghini's 831 employees produced 1,711 vehicles.
Manufacturing magnate Ferruccio Lamborghini
founded Automobili Ferruccio Lamborghini S.p.A. 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 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
decade, but hard times befell the company when sales plunged in the wake of the
1973 worldwide
financial downturn and the 1973 oil crisis. The firm's ownership changed
three times after 1973, including a bankruptcy in 1978, before Chrysler Corporation took control in 1987. Unable
to operate Lamborghini profitably, Chrylser sold Lamborghini to Malaysian
investment group Mycom Setdco and Indonesian group V'Power Corporation in 1994.
Lack of success continued through the 1990s, until Mycom Setdco and V'Power
sold Lamborghini to the AUDI AG subsidiary of Volkswagen Group on July 27, 1998. Audi's
ownership marked the beginning of a period of stability and increased
productivity for Lamborghini. Sales increased nearly tenfold over the course of
the 2000s, peaking with record sales in 2007 and 2008. The world financial
crisis in the late 2000s negatively affected all luxury car makers
worldwide, and caused Lamborghini's sales to drop nearly 50 percent.
Lamborghini's Sant'Agata Bolognese
production facility produces V12 engines and finished
automobiles. Lamborghini's current production vehicles are the V10-powered Gallardo and
the V12-powered Aventador.
Both production models are available in a variety of regular and
limited-edition specifications.
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