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BMW in gesprek met De Tomaso voor overname


Carlito

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MILAN (Reuters) -- 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.

Representatives from the ministry, the unions and the local governments of the Piedmont region and the city of Grugliasco met on Thursday in Rome, the union said.

"We had confirmation that talks with possible Italian partners [who would buy the structural assets] and with BMW continue," said Giuseppe Anfuso, Turin secretary of the UILM trade union in a statement after the meeting.

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.

The plan's collapse left about 1,000 workers unemployed and pointed to the difficulties local authorities face in restarting shuttered car factories.

Read more: http://www.autonews....7#ixzz26vtBzatS

According to Automotive News, quoting Italy’s Industry Ministry, BMW is in talks to purchase the Italian sports car brand De Tomaso. The ministry aims to start a sale process by mid-October.

“We had confirmation that talks with possible Italian partners [who would buy the structural assets] and with BMW continue,” said Giuseppe Anfuso, Turin secretary of the UILM trade union.

BMW has yet to confirm the statement and furthermore, a spokesman for the Munich-based automaker said in May that there is no interest for the De Tomaso brand.

The Italian brand was founded by the Argentine-born Alejandro de Tomaso in Modena in 1959. It originally produced various prototypes and racing cars, including a Formula One car for Frank Williams’ team in 1970. The company developed a reputation for producing sports and luxury vehicles. From 1976 to 1993 De Tomaso owned legendary Italian sports car maker Maserati. De Tomaso went into liquidation in 2004, although production of new cars continued after this date. A turnaround fell through this year when a new buyer aimed to build SUVs and sports cars under the De Tomaso brand.

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