Filed under: Europe, Government/Legal, Hirings/Firings/Layoffs, BMW, Earnings/Financials
De Tomaso has had a rough go of it in the last year, between struggling to bring a car to market, going under, and then having its chairman arrested for shady financial activity.
Things might finally be looking up for De Tomaso, however, according to Automotive News Europe. The Italian Industry Ministry is reportedly in continuing discussions with different potential buyers, and BMW is reportedly among the suitors.
De Tomaso filed for bankruptcy earlier this year after selling the rights to build the grotesque Deauville sedan to a Chinese company in order to fund the next Pantera.
BMW previously denied having any interest in the bankrupt automaker. Automotive News says the Italian Industry Ministry hopes to find a buyer and get the sale process kicked off sometime next month.
BMW reportedly in talks to buy De Tomaso originally appeared on Autoblog on Sun, 16 Sep 2012 14:02:00 EST. Please see our terms for use of feeds.
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