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

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⭐ Core Definition: Ferruccio Lamborghini

Ferruccio Lamborghini Cavaliere di Gran Croce OMRI (/ˌlæmbərˈɡni/ LAM-bər-GHEE-nee; Italian: [ferˈruttʃo lamborˈɡiːni]; 28 April 1916 – 20 February 1993) was an Italian automobile designer, soldier, inventor, mechanic, engineer, winemaker, industrialist, and businessman who created Lamborghini Trattori in 1948 and the Automobili Lamborghini in 1963, a maker of high-end sports cars in Sant'Agata Bolognese.

Born to grape farmers in Renazzo, from the comune (municipality) of Cento, in the Emilia-Romagna region, his mechanical know-how led him to enter the business of tractor manufacturing in 1948, when he founded Lamborghini Trattori, which quickly became an important manufacturer of agricultural equipment in the midst of Italy's post-WWII economic boom. In 1959, he opened an oil burner factory, Lamborghini Bruciatori, which later entered the business of producing air conditioning equipment.

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Ferruccio Lamborghini in the context of Lamborghini

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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