In a continued quest for economies of scale BMW might be looking for another brand to acquire and restart. De Tomaso is an Italian car company best known in the US for producing the Pantera and ownership of Maserati. In 2004 the company hit financial trouble and has not been able to recover despite several efforts. BMW would not be getting any assets, simply the brand out of the sale.
Italy's Industry Ministry confirmed that talks continued with potential buyers of the De Tomaso sportscar brand including BMW, a trade union said in a statement on Thursday. The ministry aims to start a sale process by mid-October.
A spokesman for BMW said in May the group had no interest in the De Tomaso brand or any of its sites. The automaker did not immediately reply to a request for comment from Automotive News Europe.
A botched De Tomaso turnaround fell through earlier this year. The buyer had purchased a former Pininfarina factory on the outskirts of Turin and aimed to produce SUVs and sports cars under the De Tomaso brand.
I don't see an Italian sports car brand a good match for BMW, do you?
Recent BMW News
Latest Forum Discussions
- HELP! Overheating issue lead to VCG failure, after fixing VCG now new problems!
- N55 AR 4" catless downpipe fitment issue! PLEASE HELP
- Universal lip kit
- Great prices on parts at Roadshow BMW
- Transmission and differential fluid
- Help! Expected maintenance costs for 2008 328i 85,000 miles?
- FS: all weather mats / trunk liner / key case
- 2006 325xi base model
- Adaptive Headlight Problem diagnosing question