De Tomaso Resurrection Ends In Arrest Of Chairman

Bertel Schmitt
by Bertel Schmitt
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.

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