De Tomaso sells Deauville to China
De Tomaso licensed a Chinese company to produce the Deauville model, which was presented at the Geneva car show. Forced by financial problems De Tomaso had to sell this licence to an unknown Chinese company. This deal will bring up 12 million euros for the Rossignolo family. This money is needed to start a factory in Turin, in the building where Pininfarina was settled in the past. However, the question is whether this deal will generate enough money to actualy build this new plant. To make matters a bit more complicated, the municipality of Grugliasco is the owner of the factory, De Tomaso claims that Grugliasco has raised the rent, which is not allowed according to the contract. So all in all the future of De Tomaso remains uncertain.
Just before the economic crisis erupted, Gianmario Rossignolo desided to start as an independent car manufacturer, up to then he was a producer of parts for the automotive industry. What followed was a never-ending story of unpaid employees and the promise of an Indian investor who, to this day, never invested.