Lamborghini is known to manufacture the most expensive cars in the world. This luxury sports car brand can only be afforded by the rich and famous. In fact, it has become the car that most people dream of owning. Lamborghini is an Italian car manufacturer that is known to produce vehicles that possess speed, power, and of course, beauty. That’s why it has always been associated with social status, luxury, and wealth. Even if Lamborghini is already a well-known car manufacturer and people could already recognize their cars, not everyone knows any further details about this luxury car manufacturer. That’s why in this article, we are going to find out the history of Lamborghini and some interesting facts about the company.
History of Lamborghini
Lamborghini was founded by Italian manufacturing magnate Ferruccio Lamborghini in 1963. It started with an objective to produce a refined grand touring car that can offer established marques such as Ferrari. Lamborghini released its first models, such as the 350 GT, in the mid-1960ss. Their vehicles were known for power, refinement, and comfort. In 1966, Lamborghini achieved wide acclaim for the Miura sports coupe, which had a rear mid-engine and a rear-wheel drive as a standard layout.
During its first ten years in the business, Lamborghini proliferated. However, their sales decreased during the worldwide financial downturn and the oil crisis in 1973. This resulted in Ferruccio Lamborghini to sell ownership of the company to Rene Leimer and Georges-Henri Rossetti in 1974. However, four years later, Lamborghini went bankrupt, and that’s why it was placed in the receivership of brothers Patrick and Jean-Claude Mimran in 1980. The brothers purchased Lamborghini out of receivership four years later, and they focused on the company’s expansion. Lamborghini’s model line expanded under the management of the Mimran brothers, and it was the time when they produced the Countach.
In 1987, the Mimran brothers decided to sell Lamborghini to the Chrysler Corporation. After that, Chrysler agreed to replace the Countach with the Diablo. However, seven years later, Chrysler decided to sell Lamborghini to a Malaysian investment group named Mycom Setdco and an Indonesian group called V’Power corporation. Four years then, the two companies decided to sell Lamborghini to the Volkswagen Group, where it was placed under the control of the company’s Audi division.
Under the Volkswagen group, Lamborghini released new model lines and products that showcased the brand’s portfolio. Volkswagen saw an increase in productivity in Lamborghini. But when the worldwide financial crisis struck in the late 2000s, Lamborghini sales decreased to nearly 50 percent.
Interesting Facts About Lamborghini
- Lamborghinis originally manufactured tractors – Even if Lamborghini is now associated with producing the world’s most luxurious sports cars, the company initially made tractors. In fact, it is a type of car that they still manufacture until today. Ferruccio Lamborghini started his tractor building company in 1947 when he recognized that there was an emerging market for agricultural equipment and vehicles after the war.
- Lamborghini cars were made as a result of a challenge from Enzo Ferrari – Most of us know that Lamborghini is now a direct competitor of the Ferrari when it comes to producing luxury cars. But bizarrely enough, Lamborghini started to produce luxury sports cars when Enzo Ferrari challenged Ferruccio Lamborghini to make his own cars.
- Several famous designers have worked for Lamborghini – This luxury car brand is known for its impeccable design. However, did you know that the model of each Lamborghini car is not just the work of one person because there is a whole team assigned to do the task? Throughout the years, Lamborghini has worked with several well-known designers so that they will have a stunning looking car. Some of the designers that worked with Lamborghini are Marcello Gandini, ItalDesign, Mario Marazzi, Bertone, and Franco Scaglione.
- Lamborghini cars are named after bulls – Every car manufacturer has their own way of coming up with the perfect name that will suit the appearance of their vehicles. When it comes to Lamborghini car models, the recurring theme for its name is bulls. This is because Ferruccio Lamborghini was a Spanish bullfighting enthusiast, and it was a hobby that he enjoyed doing during this past time. This is because he said that he enjoys the entertainment and drama that bullfighting events can offer. That’s the reason why he decided to use the names of popular Spanish fighting bulls for the cars he manufactures.
- The car that Lamborghini presented that the 1966 Geneva Motor Show had no engine – Having an innovative engine design is just one of the things that Lamborghini is well-known for. But did you know that the 350 GTV, Lamborghini’s first-ever car, was presented and launched during the Geneva Motor Show in 1966 without an engine? Spectators were surprised that they could not see the driver of the Lamborghini. The reason behind it is simply because the car did not have its engine yet. Some final touches were done to the engine of the car before the owner was satisfied with their product.
- Lamborghini made the first Viper Engine – One of the things that Lamborghini is known for is creating the world’s first Viper Engine.