![]() ![]() ![]() Autostar was led by Giotto Bizzarrini, a member of the "Gang of Five" of Ferrari engineers, who had been responsible for creating the famous Ferrari 250 GTO, but left the company in 1961 after founder Enzo Ferrari announced his intention to reorganise the engineering staff. Lamborghini wanted the engine to have a similar displacement to Ferrari's 3-litre V12 however, he wanted the engine to be designed purely for road use, in contrast to the modified racing engines used by Ferrari in its road cars. Prior to founding his company, Lamborghini had commissioned the engineering firm Società Autostar to design a V12 engine for use in his new cars. New products and model lines were introduced to the brand's portfolio and this increased productivity for the brand.ġ963–1972 – Ferruccio Lamborghini Early 1950s – Start-up and 350GT The Lamborghini V12 engine, designed by Giotto Bizzarrini found its use in Lamborghini Automobiles for over 50 years 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. 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. Patrick Mimran sold Lamborghini to the Chrysler Corporation in 1987 for US$25 million. Under his management, Lamborghini's model line was expanded from the Countach to include the Jalpa entry-level sports car and the LM002 high performance off-road vehicle. As CEO and President, Patrick Mimran invested heavily in the company's expansion, and was later credited as being the man who saved Lamborghini. The company went bankrupt in 1978, and was placed in the receivership of brothers Jean-Claude and Patrick Mimran in 1980, who purchased the company for US$3 million, renaming it Nuova Automobili Lamborghini SpA. Ferruccio Lamborghini sold ownership of the company to Georges-Henri Rossetti and René Leimer and retired in 1974. Lamborghini grew rapidly during its first decade, but sales plunged in the wake of the 1973 worldwide financial downturn and the oil crisis. ![]() 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. The company's first models were introduced in the mid- 1960s and were noted for their refinement, power and comfort. Italian manufacturing magnate 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. Lamborghini's production facility and headquarters are located in Sant'Agata Bolognese, Italy. is an Italian brand and manufacturer of luxury automobiles. Lamborghini Countach LP5000 QV, Lamborghini Diablo SV and Lamborghini MurciélagoĪutomobili Lamborghini S.p.A. ![]()
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