De Tomaso sold to Chinese investment firm - report

De Tomaso Deauville Concept live in Geneva - 01.03.2011
De Tomaso Deauville Concept live in Geneva - 01.03.2011

Company's future is looking brighter

De Tomaso has reportedly been sold to a subsidiary of China's Hotyork Investment Group.

Information is scarce, but Hotyork chairman Qiu Kunjian released a statement saying "We closely considered the business plan and we believe in the opportunity to develop all the valuable potential of the company. We are working to finalize the last details and implement the agreement in the coming of days."

As we have previously reported, De Tomaso was revived by former Fiat CEO Gianmario Rossignolo in 2009. The company had planned to launch three new models - a sedan, a crossover and a Pantera successor - but quickly ran into financial difficulties.

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Comments (1)

tvkhaled tvkhaled
Things keep on going from bad to worse with the DeTomaso name...from the beautiful Pantera to a an ugly 4 door ..a call for the new management...please prove that you are smart- axe this ugly saloon, bring on the new Pantera, & don't do like Aston when they wanted to give the famed Lagonda name to yet another ugly SUV- thank God they were smart to axe it !
Feb 17th, 2012 11:46pm
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