Ferruccio Lamborghini was born in Italy in 1916. He was fascinated with engines from an early age. During World War II he joined the army stationed on the island of Rhodes. While stationed on the island, he repaired broke down cars, trucks and motorcycles since there wasn’t much action with the war. Lamborghini became know as a wizard with engines.
After the war he returned home near Modena in northern Italy and set up a small car and motorcycle repair shop. He soon realized that there was a desperate need for tractors in the agricultural area where he lived .He found he could build one tractor a month from broke down military vehicles. Italy’s economy grew as did the demand for his high quality tractors. He became very successful ...view middle of the document...
So Lamborghini decided to build his own car with a V12 engine.
The new engine had 4 cams a short stroke and 4 big bore valves per cylinder. It developed a surprising 350 HP. It was an all aluminum engine with a crankshaft supported by 7 main bearings. This engine was the prototype for all future Lamborghini engines.
The Lamborghini "350 GTV" prototype was shown to the public on the Turin Auto Show of 1963. Sales started the following year. The car was called the 350 GT. It was a complete success. Over 130 were sold. The future of Automobili Lamborghini looked very bright during the 1960s
The Miura was first shown November 1965 at the Turin Auto Show.
Only the chassis was shown at the show, the engine was transversely mid-mounted, something only seen in a real F1 race cars during this time.
At the 1973 Geneva Auto Show Lamborghini shocked the world again with the LP400 Countach. The car was a showstopper then and now. It showed for the first time, the famous Lamborghini swing up doors.
In 1978 the company declared bankruptcy due to the oil crisis of the 70’s. A Swiss bases group called the Mimran brother’s acquired it.
Mimran brothers sold the company to Chrysler Corporation. Chrysler worked on the Countach successor- The Diablo.
In 1994 Chrysler fell on hard times and sold the company to an Indonesian investment group known as Suharto family. In the late 90’s an economical crisis hit the Suharto family and much is needed for research for a successor to Diablo started to dry up.
1998, Audi AG became the sole owner of Automobili Lamborghini. Audi took an active role in designing the Murcielago.
Let’s hope this is the last chapter of ownership changes for Lamborghini.