De Tomaso files for bankruptcy

Following its 2011 comeback, the Italian De Tomaso car company has once again filed for bankruptcy.

More than a year since a new concept was unveiled at the Geneva motor show, the De Tomaso car company has once again filed for bankruptcy, after former Fiat executive Gian Mario Rossignolo failed to bring the manufacturer back to life.

Rossignolo bought the rights to the company back in 2009, and brought a new concept to fruition, but unlike De Tomaso sports cars of old, the Deauville (or SLC) was a high-performance compact SUV.

Following the unveiling of the Deauville concept in 2011, Rossignolo struggled to find financial backing for the company, and although talks were ongoing with Chinese investment group Hotyork, nothing ever came of the deal - leaving De Tomaso in debt with suppliers and unable to pay staff.

The company has now filed for bankruptcy, and the remaining assets will be stripped and sold by a court-appointed administrator, unless a buyer can be found.

Most Popular

Car pictures of the week
Maserati MC20
Maserati MC20 coupe

Car pictures of the week

In this week’s car pictures from issue 294, we look at the highlights from Jethro Bovingdon’s drive in the highly anticipated Maserati MC20
21 Jan 2022
Hot Aston Martin DBX to be the ‘most powerful luxury SUV’
Aston Martin DBX S
Aston Martin DBX

Hot Aston Martin DBX to be the ‘most powerful luxury SUV’

Aston’s high performance DBX to be revealed on Feb 1 and pack a whole lot more power
24 Jan 2022
Porsche 911 GT3 Touring 2022 review – pairing the magnificent 992 GT3 experience to a more subtle audience
Porsche 911 GT3 Touring eCoty – front tracking
Porsche 911 GT3

Porsche 911 GT3 Touring 2022 review – pairing the magnificent 992 GT3 experience to a more subtle audience

There are few, if any, more rewarding, engaging or intense experiences for those in pursuit of the thrill of driving
7 Jan 2022