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DeTomaso Factory in liquidation - 5/27/04

I am very sad to report that yesterday DeTomaso Modena S.p.A. has filed for liquidation. The future of the factory is unknown at this time.

A factory spokesperson states that they will keep the name and sell off the property etc. Perhaps in the future they will try to downsize the operation. The 4x4 off-road vehicle remained in the prototype phase and never obtained production status.

Also, late last night Umberto Agnelli passed away. This is yet another blow to the Fiat Company.

The source of this information is Claudia Lodi, the DeTomaso factory communications director and Tom Tjaarda, the designer of the Pantera. We will keep you posted as further developments are known.
Dave and Linda



[This message has been edited by Admin5 (edited 05-28-2004).]

[This message has been edited by Pantera (edited 06-02-2004).]
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