LAMBORGHINI

After WWII Ferruccio Lamborghini began building tractors and became a leading manufacturer of farm equipment, air conditioning systems and gas heaters.  In the late 50s he purchased a Ferrari 250 GT. The Ferraris of that era that were sold for street use were not much removed from their racing cars. Lamborghini felt they lacked the refinement he would expect from a fine grand touring car. When the clutch on his 250GT failed he went to Ferrari to complain and was basically told that he knew nothing about building sports cars.

Automobili Ferruccio Lamborghini S.p.A.  was founded in 1963 in Sant’Agata Bolognese Italy. Lamborghini started building its first production model, the 350GT in 1964; by 1966 the 2+2 400GT was added. In 1965, the mid-engine P400 was developed and went into production in 1967 as the Miura.

A new four–seater, the Espada, was introduced  in 1969. There was the Islero which was replaced with the Jarama 400GT. Then came the V-8 powered Urraco.

In the early 1970s the Lamborghini was experiencing financial difficulties and fifty-one percent of the company was sold to Swiss businessman Georges-Henri Rossetti. During the Rossetti production of what would become the most recognized Lamborghini, the Countach, was begun but by 1978 the company was bankrupt.

There would be several changes in ownership including a period with Chrysler Corporation, before the company was acquired in 1998 by the Volkswagen Group.

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