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.

Subscribe to evo magazine

Subscribe today to our exclusive new offer and SAVE 39% on the shop price, get evo for its original cover price of £3.00 an issue, plus get a FREE gift worth £20!

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.

Advertisement
Advertisement - Article continues below
Advertisement
Advertisement

Most Popular

Visit/mercedes-cla45-amg-hatchback/22953/mercedes-amg-cla-45-s-coupe-uk-review
Mercedes CLA45 AMG hatchback

Mercedes-AMG CLA 45 S coupe UK review

The more stylish version of eCoty 2019’s bronze medallist is as impressive on UK roads as it was overseas
28 Mar 2020
Visit/ferrari/f40/6214/ferrari-f40-review-history-prices-and-specs
Ferrari F40

Ferrari F40 – review, history, prices and specs

Despite having a turbocharged V8 instead of a normally aspirated V12, the F40 is often regarded as the greatest-ever Ferrari road car
21 Mar 2020
Visit/used-cars/19675/used-car-deals-of-the-week
used cars

Best used cars for sale this week

We’ve delved into the classifieds and chosen our favourite cars for sale this week
27 Mar 2020
Visit/hyundai/i30-n-hatchback/201775/hyundai-i30-n-versus-hyundai-i30-tcr
Hyundai i30 N hatchback

Hyundai i30 N versus Hyundai i30 TCR

Can Dickie Meaden beat Steve Sutcliffe in a straight(ish) race? We sent them to the Circuit Nuvolari with a pair of Hyundai i30 Ns to find out.
20 Sep 2019