Automobili Lamborghini is anItalianbrand and manufacturer of luxurysupercars,sports carsandSUVsbased inSant'Agata Bolognese, Italy. The company is owned by theVolkswagen Groupthrough its subsidiaryAudi.
Ferruccio Lamborghini, an Italianmanufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with established marques, includingFerrari. The company gained wide acclaim in 1966 for theMiurasportscoupé, which establishedrear mid-engine, rear wheel driveas the standard layout for high-performance cars of the era. Lamborghini grew rapidly during its first decade, but sales plunged in the wake of the1973 worldwide financial downturnand theoil crisis. The firm's ownership changed three times after 1973, including a bankruptcy in 1978.