Jump to content
  • Welcome Guest!

    Founded in 2001, CheersandGears.com is one of the oldest continuously running automotive enthusiast communities on the net. 

    Sign up is free and easy, come join the fun!

  • William Maley
    William Maley

    Is BMW In Talks To Buy De Tomaso?

    William Maley

    Staff Writer - CheersandGears.com

    September 16, 2012

    File this under the 'what are they thinking' file. According to Automotive News Europe, the Italian Industry Ministry is in continuing discussions with different potential buyers in the assets of De Tomaso. Yes, the same company name who brought you the Pantera back in the seventies.

    Back in 2011, the revitalized company showed a concept called the SLS, which looked like to be a BMW 5-Series GT with a bit of Italian flair. Production of that model would begin soon at a former Pininfarina plant outside of Turin. Except it didn't. De Tomaso was losing money and was soon announced that investment group in China would purchase the company. That deal would soon collapse and De Tomaso would file for bankruptcy in July. That was soon followed by the arrest of chairman Gian Mario Rossignolo on charges of improper use of funding.

    Since that time, the Italian Industry Ministry has been looking for a buyer to pick up the assets. One the buyers interested in reportedly buying the assets is BMW.

    "We had confirmation that talks with possible Italian partners [who would buy the structural assets] and with BMW continue," said Giuseppe Anfuso, Turin secretary of the UILM trade union in a statement.

    We're not quite sure why BMW is interested in De Tomaso, but stranger things have happened.

    Source: Automotive News Europe (Subscription Required)

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.


    Sign in to follow this  
    Sign in to follow this  

    User Feedback


    There are no comments to display.



    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets

facebook

×