Automobili Lamborghini S.p.A. (Italian: [lambor'gi?

ni] ( listen)) is an Italian

brand and manufacturer of luxury sports cars and, formerly, SUVs, which is owned
by the Volkswagen Group through its subsidiary brand division Audi. Lamborghini
's production facility and headquarters are located in Sant'Agata Bolognese Ital
y. In 2011, Lamborghini's 831 employees produced 1,711 vehicles.
Ferruccio Lamborghini, an Italian manufacturing magnate, founded Automobili Ferr
uccio Lamborghini S.p.A. in 1963 to compete with established marques, including
Ferrari. The company gained wide acclaim in 1966 for the Miura sports coup, which
established rear mid-engine, rear wheel drive as the standard layout for high-p
erformance cars of the era. Lamborghini grew rapidly during its first decade, bu
t sales plunged in the wake of the 1973 worldwide financial downturn and the oil
crisis. The firm's ownership changed three times after 1973, including a bankru
ptcy in 1978. American Chrysler Corporation took control of Lamborghini in 1987
and sold it to Malaysian INVESTMENTgroup Mycom Setdco and Indonesian group V'Pow
er Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to th
e Volkswagen Group where it was placed under the control of the group's Audi div
ision.
New products and model lines were introduced to the brand's portfolio and brough
t to the MARKET and saw an increased productivity for the brand Lamborghini. In
the late 2000s, during the worldwide financial crisis and the subsequent economi
c crisis, Lamborghini's sales saw a drop of nearly 50 percent.
Lamborghini produces sports cars and V12 engines for offshore powerboat racing.
Lamborghini currently produces the V12-powered Aventador and the V10-powered Hur
acn.