Automobili Lamborghini S.p.A.

(Italian pronunciation: [autoˈmɔːbili lamborˈɡiːni]) is an Italian

manufacturer of luxury sports cars and SUVs based in Sant'Agata Bolognese. The company is
owned by the Volkswagen Group through its subsidiary Audi.
Ferruccio Lamborghini (1916–1993), an Italian manufacturing magnate, founded Automobili
Ferruccio Lamborghini S.p.A. in 1963 to compete with Ferrari. The company was noted for using
a rear mid-engine, rear-wheel drive layout. Lamborghini grew rapidly during its first decade, but
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 bankruptcy in 1978. 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. 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.
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 the late 2000s, during the worldwide financial
crisis and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 per cent.
Lamborghini currently produces the V10-powered Huracán, Urus SUV powered by a twin-turbo V8
engine and will produce the Revuelto, a V12/electric hybrid, as of 2024. In addition, the company
produces V12 engines for offshore powerboat racing.
Lamborghini Trattori, founded in 1948 by Ferruccio Lamborghini, is headquartered in Pieve di Cento,
Italy and continues to produce tractors. Since 1973, Lamborghini Trattori has been a separate entity
from the automobile manufacturer.

History
Main article: History of Lamborghini

Ferruccio Lamborghini with a Jarama and a tractor of his brand

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. The company's first models, such as the 350 GT, were released in the
mid-1960s. Lamborghini was noted for the 1966 Miura sports coupé, which used a rear mid-engine,
rear-wheel drive layout.
Lamborghini grew rapidly during its first ten years, but sales fell in the wake of the 1973 worldwide
financial downturn and the oil crisis. Ferruccio Lamborghini sold the company to Georges-Henri
Rossetti and René Leimer and retired in 1974. The company went bankrupt in 1978, and was placed
in the receivership of brothers Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased
the company out of receivership by 1984 and invested heavily in its expansion. Under the Mimrans'
management, Lamborghini's model line was expanded from the Countach to include the Jalpa sports
car and the LM002 high-performance off-road vehicle.
The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. 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. 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. 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 Lamborghini. 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.
In 2021, the CEO of Lamborghini said that by 2024 all its models will be hybrid