De Tomaso officially bites the dust - again
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.