Automobili Lamborghini SpA. was
officially founded in 1963. That same year, the very first Lamborghini, the
350GT, made its debut at the Turin Motor Show. The car's name came from its
engine size, a 3.5-liter four-cam V12. Then came the 400GT, which was
produced until 1968. But it was the stunning midengine Miura, produced from
1966-'73, that catapulted Lamborghini to worldwide acclaim.
Lamborghini's tractor business suffered hard times in the early '70s, which
led him to sell a controlling interest of Automobili Lamborghini SpA to a
Swiss industrialist. The Italian's problems were worsened by that decade's
oil crisis, and he wound up selling the remaining amount of his shares. The
company invested millions in the development of a new vehicle, the military
truck-style Cheetah, but its sales were disappointing. By the end of the
decade, the automaker had declared bankruptcy.
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