De Tomaso Resurrection Ends In Arrest Of Chairman
We never thought much of De Tomaso’s resurrection. Italian police agrees, thinks De Tomaso’s saviours might be crooks and arrested De Tomaso’s chairman Gian Mario Rossignolo, along with two other men on suspicions of that 7.5 million euros ($9.2 million) of public funds were misused in a failed turnaround plan, Reuters says.
The plan was to use a former Pininfarina factory on the outskirts of Turin to produce SUVs and sports cars. All is produced were 1,000 unemployed workers.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
More by Bertel Schmitt
Comments
Join the conversation
I thought we hated the 5 GT.
And the referenced link to another TTaC story says Nothing Found. How Appropriate.
Good Riddens! At leat we still have one supercar brand that won't be catering to soccer moms or yuppies.
Naw, the sins of the Pantera are finally catching up with them.