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Lamborghini is an Italian manufacturer of luxury sport cars. It is owned by the Volkswagen Group and has its headquarters in Sant'Agata, Bolognese. It was founded by Ferruccio Lamborghini in 1963 as the Automobili Ferruccio Lamborghini S.p.A. The brand's first car, the 350GTV was released in October, 1963. This was followed by the GT400 in 1965. The Miura, rolled out in 1966, is considered to be the first car that defined the brand's trend of high-performance mid-engined sports cars. In 1968, the Espada grand tourer was released, followed by the Jarama in 1970. In 1974, Lamborghini rolled out the Countach which featured a futuristic styling with scissor-doors. The company's sales plunged after the economic downturn and oil-crisis of 1973.
Lamborghini changed owners thrice before it was acquired by Chrysler in 1987. The Diablo was the first successful and longest-running model released under Chrysler in 1990. However, the upturn in sales was only temporary, and Chrysler sold Lamborghini and its assets to an Indonesian holding company in 1992. The company remained in financial doldrums throughout the '90s until the Volkswagen subsidiary Audi acquired it in 1998. The Murcielago, the first new model in over a decade, was rolled out in 2001. Under its new management, Lamborghini regained its financial foothold, and released the Gallardo in 2003. Other popular models include the Jalpa, Islero and Urraco.
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