Automobili Lamborghini S.p.A. in the context of "Wolfsburg"

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⭐ Core Definition: Automobili Lamborghini S.p.A.

Lamborghini (officially Automobili Lamborghini S.p.A. and colloquially Lambo) is an Italian manufacturer of luxury sports cars and SUVs based in Sant'Agata Bolognese. The company is owned by the Volkswagen Group through its subsidiary Audi.

Ferruccio Lamborghini (1916–1993), an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with Ferrari. The company was noted for using a rear mid-engine, rear-wheel drive layout. 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.

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👉 Automobili Lamborghini S.p.A. in the context of Wolfsburg

Wolfsburg (German: [ˈvɔlfsbʊʁk] ; Eastphalian: Wulfsborg) is the fifth-largest city in the German state of Lower Saxony. It lies on the river Aller, 75 kilometres (47 mi) east of Hanover and 230 kilometres (143 mi) west of Berlin.

Wolfsburg is famous as the location of Volkswagen AG's headquarters and, until it was overtaken by Tesla Gigafactory Texas in 2022, the world's biggest car plant. The Autostadt is a visitor attraction next to the Volkswagen factory that features the company's model range: Audi, Bentley, Bugatti, Ducati, Lamborghini, MAN, Neoplan, Porsche, Scania, SEAT, Škoda Auto and Volkswagen Commercial Vehicles. Wolfsburg is one of the few German cities built during the first half of the 20th century as a planned city. From its founding on 1 July 1938 as a home for workers producing the KdF-Wagen until 25 May 1945, the city was called Stadt des KdF-Wagens bei Fallersleben. In 1972, the population first exceeded 100,000. In 2019, the GRP was €188,453 per capita.

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