De Tomaso officially bites the dust - again

De Tomaso Pantera

When De Tomaso made its comeback at the 2011 Geneva Motor Show , a lot of people speculated on the brand’s revival and the impending future it had after going down the pipe in 2004.

Unfortunately, the initial optimism surrounding De Tomaso ended up being short-lived as the company has officially declared bankruptcy - again - in Livoro.

This latest development comes as a devastating blow for fans of the Italian automaker, a lot of whom have been looking forward to seeing what the company has to offer since it flogged eight years ago. Among the plans called for a five-door crossover called the Deauville , a future limousine model, and most importantly, a revival of arguably its most iconic model, the Pantera supercar.

All of that, however, is no longer relevant as the company, after years of uncertainty over securing a deal with Chinese investment firm Hotyork, has thrown in the towel. The initial plan was for the latter to buy majority shares of the former, amounting to a figure of €70 million, but when the money never came, any chance of us seeing the all-new Pantera supercar prowling the streets went up in smoke.

Tough luck. Really, really tough luck.


4 comments:

Ouch from riches to rags AGAIN! He deserves it by the way. I guess he will learn his lesson this time and hope he could still rise up and move on with this.

He falls and need to rise. Whenever you guys on the same position take it and stand up do something good and avoid the same fate. Learn your lesson also.

How sad. I think it’s not yet their time in making a huge break in the car industry. They just have to wait.

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