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

2022 Nissan GT-R model year update revealed
MY22 Nissan GT-R T-spec – front quarter
Nissan GT-R

2022 Nissan GT-R model year update revealed

Two new special editions and the return of some iconic colours are the highlights of the Nissan GT-R’s MY22 update
14 Sep 2021
Tesla Model S Plaid breaks EV Nürburgring record – beats Porsche Taycan Turbo
Tesla Model S Plaid
Tesla Model S

Tesla Model S Plaid breaks EV Nürburgring record – beats Porsche Taycan Turbo

Tesla has now recorded a Nürburgring lap time with its Model S Plaid, if that matters
10 Sep 2021
A dead Ferrari F40 in Switzerland – evo Archive
Ferrari F40
Ferrari F40

A dead Ferrari F40 in Switzerland – evo Archive

The story of a Ferrari F40, a flat battery, Swiss chocolate and sex toys…
7 Sep 2021