Snapshot, 1974: Ferruccio Lamborghini perfects downsizing
Just 11 years after founding Lamborghini, Ferruccio has severed all ties with the company that he built into a worldwide success. Increasing economic pressure and soaring gasoline prices have been hitting sales hard for some time, and Ferruccio’s resentment of stringent new speed limits in Italy has ultimately led to the sale of his remaining 49% stake in the company. Ironically, Ferruccio will now retire to his estate in Castiglione del Lago near Perugia, and live life at a somewhat slower pace. There are certainly no speed limits on the Tenuta Lamborghini…
Returning to the present for a moment, Ferruccio Lamborghini would have been 100 years old today. We’re thrilled to see the company flourishing again.
Photo: Deutsch Jean-Claude via Getty Images