De Tomaso, the Italian marquee, is up for sale. Best remembered for the Pantera, a Ford-powered supercar, the company has run into financial trouble and has approached several automakers to see if they are interested in buying the company.
De Tomaso had a good deal of success with the Pantera, which was a supercar more affordable than the average Ferrari. But the run of success ended as it failed to keep up with its bigger competitors. In 2009, former Fiat CEO Gianmario Rossignolo revived the troubled company with a fresh influx of money and the company planned to launch three new models. But it soon ran into financial difficulties after introducing the Deauville concept at the 2011 Geneva Motor Show.
More than 900 workers in the company have not been paid for months now and their only hope is for a big name to take over the ailing automaker.
Issue: 166 | June 2013
Access member only content, take part in discussions with comments on blogs, news and reviews and receive all the latest news and reviews straight to your inbox. Join now for free.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can start posting.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain @autocarindia.com to your white-listed senders.