De Tomaso goes bankrupt. Again.

We have actually constantly said we would certainly lick Bernard Manning’s perspiring back for De Tomaso to begin constructing excellent automobiles once again, but our opportunities of a brand-new Pantera have ultimately fizzled out – the Italian company’s applied for insolvency.

After numerous tough months and the failing to pin down a brand-new customer, the cars manufacturer declared itself financially troubled. And also this is the second time in 8 years – De Tomaso went into liquidation in 2004, but was rescued in 2008 when previous Fiat exec Gian Mario Rossignol purchased the civil liberties to the name.

In 2009 he offered the globe with a compelling organization plan, consisting of the manufacturing of 8,000 new automobiles: 3,000 crossovers, 3,000 limousines, and 2,000 two-seater sports cars. As well as it all appeared to be ticking along well – the firm even unveiled a luxo SUV at the 2011 Geneva Electric Motor Show.

This was a significant improvement on its stand at Paris in 2010, where Top Equipment’s reporting team observed what can just be described as 2 portly Italian men checking out a paper before a messy 1980s relic. Perhaps the writing was on the wall surface even then.

It’s seems academic currently, but possibly it must have led its relaunch with a brand-new Pantera (the old one’s visualized over) – the trouser tightening up 5.7-litre Ford V8-powered sportster. The vehicles were a big success, manufacturing ran from 1971 via to the early 90s and also there were lots of derivatives to chose from, consisting of the high-end Lusso, GT5S widebody and 500bhp Si …