De Tomaso Deauville Building License Sold to Chinese Company
When the car was revealed at the 2011 Geneva Motor Show, they said it would soon be put into production, powered by a 2.8-liter V6 unit that uses turbocharging to deliver 300 hp and carrying a starting price of €89,000 in Europe. However, the company has been hit by financial setbacks and is having problems paying its workers.
Saab going under must have really scared them, because Italian publication QuattroRuote reports they have sold the rights to build the car to an unnamed Chinese company for a modest €12 million ($15.6 million). “The sale of the license to build the Deauville is proof that De Tomaso has developed a winning technology. This is the first real agreement allowing De Tomaso to have cash and assets, and it will give a future to the workers who have believed in this project, says De Tomaso owner Gian Mario Rossignolo.