Already a successful tractor maker, Ferruccio Lamborghini branched out into car making in 1963, the company being based at SantAgata Bolognese in Italy.
Ferrari’s racing origins led to 250 GTO.
The company went bankrupt in 1978 and was run by the Mimran brothers for a few years before being bought out by Chrysler in 1987.
In 1994 Lamborghini was sold to Megatech, an Indonesian firm controlled by Tommy Suharto, son of then-president of Indonesia. It was run by Lotus chief Mike Kimberley. In 1997 it was bought by Audi as part of the VW Group's expansion.
Lamborghini has been hit by the economic downturn; sales this year are likely to fall by 30% to 1,700 units.
Scuderia Ferrari was founded in Maranello in 1928 by Enzo Ferrari, effectively as a race team and manufacturer of racing cars. It didn't build its first road car until 1947.
Lambo went from tractors to V12 Miura.
Fiat took control of Ferrari's road car division in 1968 after serious interest from Henry Ford. Ford's failure to buy the Italian company led directly to the creation of the Ford GT40 race car.
Under Fiat SpA ownership (rather than Fiat Auto), Ferrari has just under 3,000 employees and says it will cap output at 6,500 cars.
Despite the financial meltdown, Ferrari says its sales in 2009 will be only 6% behind the unexpectedly strong 6,587 units in 2008.
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