The Company

From the starting till now, The Lamborghini Company has gone through and overcome many obstacles and difficulties before reaching the success they have now. The Founder Ferruccio Lamborghini severed all ties with the car that was founded by him and which bore his name in the year 1973. The company struggled and in 1978 declared bankruptcy. The main problem of the company was that its car was in a different class and with oil prices hiking, the people that could afford the car was reducing by day thereby causing poor sales. After the company declared bankruptcy, a whole line of swiss companies took over the company in turns but all failed to make any impressive progress. American based automaker--Chrysler;took over the companywith the cost of 33million from swiss company The Mimrans. But after a few years with no massive improvements, they decided to let go of the company which was then turned over to Indonesian ownership named Mega Tech,but they too failed, mainly because of the economy crisis.