De Tomaso said to be on the brink of collapse
De Tomaso is unquestionably one of the most recognizable brands in the world, not only because of its provocative name but also because the Pantera supercar truly put the company on the international map.
The Pantera stayed in production for almost two decades, before being pushed aside in 1990 as the company was facing crippling money issues, eventually leading to the company’s liquidation in 2004. The Rossignolo family maintained the vast majority of De Tomaso’s shares and helped revive the brand for the 2011 Geneva Motor Show with the surprising debut of the Deauville sedan.
That car was met with a relatively negative reception and the financial problems plaguing the company continued, but Chinese investment firm Hotyork did announce its ambitious plans to buy the majority of De Tomaso’s shares for 70 million Euros. That money, however, never materialized and as a result, the company and its dozens of workers are now being left in limbo.
Not only is this sad for those vintage car enthusiasts, but also for modern-car lovers as a successor to the Pantera (rendered above) was rumored to be released early this year and would have likely maintained its aggressive and retro-styling.
As a quick refresher, the original De Tomaso Pantera featured a 5.8-liter V8 engine, mid-mounted and provided by Ford producing approximately 330HP. What the original car lacked in performance however, it made up for in the styling department taking clear cues from its Italian brethren, the Lamborghini Countach.
If the crisis at De Tomaso continues, it’s likely it’ll never see the light of day again, but they’ll always be investors out there willing to purchase it, just like the various firms trying to acquire Saab (the majority of which have failed).