De Tomaso sold to Chinese consortium
Italian car-maker De Tomaso continues to be sold into a Chinese company association for $1.8 million.
Since going broke in the year 2012, the inventor of the Pantera and Mangusta sports vehicles has been seeking a savior. A rumour was subsequently floated that BMW may have been interested in buying De Tomaso, but that offer never materialized.
As recently as six months past, Car Motor und Sport noted that L-3, a Swiss holding company, would be buying De Tomaso for $2.1 million, but the deal seemingly fell through due to L-3 maybe not being capable to carry on its end-of the offer. Now it seems China's Perfect Team Enterprises associations, once outbid by L-3, will get the business name, according to Italian media.
Ideal Group Enterprises intends to use De Tomaso branding to automobiles being assembled in China, even though the kind of automobile will not be declared.
De Tomaso was set up in 1959 and is most recognized for the Ford-powered mid-engined sportscar called the Pantera. In addition, it possessed Maserati from 197693, a stint where it made the bi-turbo and Chrysler TC.
Eventually, last year the business was purchased through an Italian investor Gian Mario Rossignolo, who re created the business name to create a five-door crossover known as the Deauville but it failed to start. Rossignolo and two associates were detained after being found guilty of defrauding the Italian authorities of $9.1 million.Read Source
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