Download as pdf or txt
Download as pdf or txt
You are on page 1of 1

Lamborghini grew rapidly during its first ten years, but sales fell in the wake of

the 1973 worldwide financial downturn and the oil crisis. Ferruccio Lamborghini sold
the company to Georges-Henri Rossetti and René Leimer and retired in 1974. The
company went bankrupt in 1978, and was placed in the receivership of brothers
Jean-Claude and Patrick Mimran in 1980. The Mimrans purchased the company out
of receivership by 1984 and invested heavily in its expansion. Under the Mimrans'
management, Lamborghini's model line was expanded from the Countach to include
the Jalpa sports car and the LM002 high-performance off-road vehicle.

The Mimrans sold Lamborghini to the Chrysler Corporation in 1987. After replacing
the Countach with the Diablo and discontinuing the Jalpa and the LM002, Chrysler
sold Lamborghini 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 per cent.

In 2021, the CEO of Lamborghini said that by 2024 all its models will be hybrid.[6]

You might also like