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Lamborghini

From Wikipedia, the free encyclopedia

This article is about the automobile manufacturer. For the 1997 video game, see Automobili Lamborghini. For the cancelled video game, see Lamborghini (video game). For the KSI song, see Lamborghini (song). For other uses, see Lamborghini (disambiguation).

Automobili Lamborghini S.p.A.^[1]

Type	Private[1]
Industry	Automobile manufacturing Automobile distribution
Fate	Acquired by Audi (September 1998)[2]
Founded	Sant'Agata Bolognese, Italy (30 October 1963) as Automobili Ferruccio Lamborghini S.p.A. [3]
Founder	Ferruccio Lamborghini
Headquarters	Sant'Agata Bolognese, Italy[1]
Area served	Worldwide
Key people	Stefano Domenicali, CEO,Stephan Winkelmann, President[1] Filippo Perini, Director, Centro Stile [4]
Products	Sports cars Engines
Production output	2,530 vehicles (2014) 2,121 vehicles (2013) [5][6]
Revenue	€469 million (2012) €322 million (2011) [7]
Profit	-€24 million (2011)[8] -€57.184 million (2010) [9]
Total equity	€837 million (2011)[10] €933.213 million (2010) [9]
Number of employees	831 (2011) 803 (2010) [11]
Parent	Audi[10][12]
Subsidiaries	Ducati Italdesign Giugiaro MML Italia [10][13]
Website	lamborghini.com/en/home/

Automobili Lamborghini S.p.A. (Italian: [lamborˈɡiːni] ( listen)) is an Italian brand and manufacturer of luxury sports cars and SUVsbased in Sant'Agata Bolognese, Italy. The company is owned by the Volkswagen Group through its subsidiary Audi. In 2015, Lamborghini's 1,175 employees produced 3,248 vehicles.^[14]

Ferruccio Lamborghini, an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with established marques, including Ferrari. The company gained wide acclaim in 1966 for the Miura sports coupé, which establishedrear mid-engine, rear wheel drive as the standard layout for high-performance cars of the era. 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 Lamborghini. In the late 2000s, during the worldwide financial crisis and the subsequent economic 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-poweredAventador and the V10-powered Huracán.