The legendary De Tomaso brand is back in the news, three years after the once revived brand had again gone broke.
This time, the name is reported to have been bought by a Swiss investment group after a bidding war with Chinese outfit Consolidated Ideal TeamVenture.
According to German magazine Auto Motor und Sport, Swiss group L3 Holdings acquired the brand with an AU$2.8 million bid.
The report claims the company has big plans for the De Tomaso brand, including a 360-strong workforce based at a new facility in Turin, Italy.
A new mid-engined supercar is reported to be on the cards, which, for fans, would be a welcome step away from the decidely dull ‘Deauville’ crossover concept revealed in 2011.
(The original Deauville was a more powerfully styled sedan that debuted in 1970. Produced until 1985, just 244 were built.)
It remains to be seen if there is any truth in this talk of a new supercar, but the company could do worse than buying German designer Stefan Schulze’s 2007 design for a reborn Pantera coupe.
Watch this space.
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