Ferruccio Lamborghini bigraphy, stories - Founders

Ferruccio Lamborghini : biography

April 28, 1916 - February 20, 1993

Ferruccio Elio Arturo Lamborghini (April 28, 1916 – February 20, 1993) was an Italian industrialist. Born to grape farmers from the comune of Renazzo di 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-war economic reform. In 1959, he opened an oil heater factory, Lamborghini Bruciatori, which later entered the business of producing air conditioning equipment. In 1963, he most famously created Automobili Lamborghini, a maker of high-end sports cars in Sant'Agata Bolognese. Lamborghini founded a fourth company, Lamborghini Oleodinamica in 1969. Lamborghini sold off many of his interests by the late 1970s and retired to an estate in Umbria, where he pursued winemaking.

Citations

Automobili Lamborghini

Departure from Automobili Lamborghini

See also: Lamborghini#1971–1972 and Lamborghini#1973–1977

During the 1970s, Ferruccio Lamborghini's companies began to run into financial difficulties. In 1971, Lamborghini Trattori, which exported around half of its production of tractors, ran into trouble when its South African importer cancelled all its orders. In Bolivia, the new military government, which had recently staged a successful coup d'état, cancelled a large order of tractors that was being prepared for shipment in Genoa. Trattori's unionised employees could not be laid off, putting immense strain on the company. In 1972, Lamborghini sold his entire holding in the company to rival tractor builder SAME.

Soon, the entire Lamborghini group found itself in financial trouble. Development at the automaker slowed as costs were cut. Ferruccio Lamborghini began courting buyers for Automobili and Trattori, entering negotiations with Georges-Henri Rossetti, a wealthy Swiss businessman and friend. Ferruccio sold Rossetti 51% of the company for US$600,000, thereby relinquishing control of the automaker he had founded. He continued to work at the Sant'Agata factory; Rossetti rarely involved himself in Automobili's affairs.

The situation did not improve: the 1973 oil crisis plagued sales of high performance cars of manufacturers from around the world. Consumers flocked to smaller, more practical modes of transportation with better fuel economy. By 1974, Ferruccio had become disenchanted with his car business. He severed all connections with the cars that bore his name, selling his remaining 49% stake in the automaker. The shares were acquired by René Leimer, a friend of Georges-Henri Rossetti.

After departing the automobile manufacturing business, Lamborghini continued his business activities in other areas, including his heating and air conditioning company, Lamborghini Calor. In 1969, he founded Lamborghini Oleodinamica S.p.A., a manufacturer of hydraulic valves and equipment.

Death

At 76 years of age, on February 20, 1993, Lamborghini died at Silvestrini Hospital in Perugia after suffering a heart attack fifteen days earlier. Lamborghini is buried at the Monumental Cemetery of the Certosa di Bologna monastery.http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=8896422

Notes

Retirement

In 1974 Lamborghini exited the industrial world and retired to an estate named "La Fiorita" on the shores of Lake Trasimeno, in Castiglione del Lago, a town in the Umbria region of central Italy. Returning to his farming roots, Lamborghini delighted in hunting and producing his own wines. Lamborghini even designed his own golf course, all while continuing to manage several business interests.

Lamborghini remarried, and at age 58, fathered a child, Patrizia, with his third wife, Maria Teresa.

Legacy

All of Ferruccio Lamborghini's companies continue to operate today in one form or another. His son, Tonino, designs a collection of clothing and accessories under the Tonino Lamborghini brand. Ferruccio's daughter, Patrizia Lamborghini, runs the Lamborghini winery on his Umbria estate. A museum that honors Lamborghini's legacy, the Centro Studi e Ricerche Ferruccio Lamborghini, opened in 2001.http://www.europeancarweb.com/museums/0310ec_lamborghini_family_museum/index.html

Living octopus

Living octopus

In countries which are located near sea coasts, sea food is an important part of national cuisine