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Automobili Lamborghini S.p.A., or simply Lamborghini, (Italian: [lamborˈɡiːni] ( listen))
designs, engineers, manufactures and distributes Italian 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, Chrysler 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 27 July 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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