De Tomaso Declared Bankrupt

De Tomaso has been declared bankrupt by the court in Livoro, following a period of uncertainties and the failure to secure a Chinese buyer. This is the second time in ten years the Italian company goes bust, the first time was in 2004.

The reincarnation of De Tomaso was one of the surprises of the 2011 Geneva Motor Show, where the Italians presented a five-door crossover named the Deauville which was based on the Cadillac SRX. The revived brand also announced the return of the legendary Pantera for later that year, which would be followed by a limousine scheduled for 2013.

As we have seen, a successor to the Pantera and the limousine never made its way to the public. The Deauville did, but wasn’t greeted with much enthusiasm. In retrospect it could be said De Tomaso signed its own death warrant with the Deauville. Sad but true.

Published: July 7, 2012 9:40 pm

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2 Comments

  1. Luke says:

    They should have started with the Pantera a car everybody knows instead they came up with an ugly SUV…something went horribly wrong a way back.

  2. haji says:

    As if anyone is surprised to hear this.