Automobili Lamborghini S.p.A. is an Italian automobile manufacturer that produces high-end (exotic) sports cars and SUVs. It was founded in 1963 by Ferrucio Lamborghini 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. Their shield is often colloquially known as the "Raging Bull". The first Lamborghinis were produced by Hot Wheels in 1988.
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