Automobili Lamborghini S.p.A. is an Italian luxury sports car and SUV maker based in Sant'Agata Bolognese. The Volkswagen Group owns the company through its subsidiary Audi. Automobili Ferruccio Lamborghini S.p.A. was founded in 1963 by Ferruccio Lamborghini, an Italian manufacturing magnate, to compete with existing marques such as Ferrari. The company was known for its rear-mid-engine, rear-wheel-drive design. Lamborghini expanded quickly in the first decade, but profits plummeted after the 1973 global financial crisis and oil crisis. Since 1973, the company's management changed three times, including a bankruptcy in 1978.
Lamborghini was purchased by American Chrysler Corporation in 1987 and sold to Malaysian investment firm Mycom Setdco and Indonesian firm V'Power Corporation in 1994. Lamborghini was sold to the Volkswagen Group in 1998 by Mycom Setdco and V'Power, and it was put under the management of the group's Audi division. New models and model lines were added to the company's range and released to the market, resulting in improved brand competitiveness. Lamborghini's revenues dropped almost 50% in the late 2000s, after the global financial crisis and ensuing economic crisis.
Lamborghini currently makes the Aventador with a V12 engine and the Huracán with a V10 engine, as well as the Urus SUV with a twin-turbo V8 engine. The group also manufactures V12 engines for offshore powerboat racing. Lamborghini Trattori, headquartered in Pieve di Cento, Italy, was founded in 1948 by Ferruccio Lamborghini and continues to manufacture tractors. Ferruccio Lamborghini, an Italian manufacturing magnate, created the brand in 1963 with the aim of creating a refined grand touring car to compete with existing marques such as Ferrari. The 350 GT was one of the company's first models, introduced in the mid-1960s.
Lamborghini's 1966 Miura sports coupé was notable for its rear mid-engine, rear-wheel-drive configuration. Lamborghini's automotive product portfolio consists of three model lines as of the 2018 model year, two of which are mid-engine two-seat sports cars and the third is a front-engined, all-wheel-drive SUV. The LP 740–4 Aventador S coupé and roadster are part of the V12-powered Aventador series. The all-wheel-drive LP 610-4 coupé and spyder, the low-cost rear-wheel-drive LP 580-2 coupé and spyder, and the most solid, track-oriented LP 640-4 Performanté coupé and spyder are currently available in the V10-powered Huracán series.
Lamborghini has introduced an SUV called Urus to its lineup, which is powered by a twin-turbo V8 engine and features a front-engine, all-wheel-drive configuration, with the goal of doubling sales volume by 2019. Sant'Agata Bolognese, Italy is home to Lamborghini's headquarters and largest assembly facility. The factory was extended from 80,000 to 160,000 square metres with the introduction of the Urus SUV. Stephan Winkelmann, the outgoing President of Bugatti, was appointed the new CEO of Lamborghini on November 13, 2020. He will start his new job on December 1, 2020.
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