BMW to buy De Tomaso

De Tomaso’s short-lived revival has pretty much gone under the tank, but despite the gloomy times from the Italian automaker, there could very well be some light at the end of the tunnel.

Automotive News Europe is reporting that the Italian Industry Ministry is looking for suitors in the industry willing to buy the struggling Italian automaker, and one of them is BMW.

The German automaker has previously stated its lack of interest in buying De Tomaso, but we all know how the winds can change course abruptly in the auto industry.

"We had confirmation that talks with possible Italian partners and with BMW continue," Giuseppe Anfuso, Turin secretary of the UILM trade union, said through a statement after a meeting that included the ministry, the unions and the local governments of the Piedmont region and the city of Grugliasco.

The hope is for a buyer to be named before the end of the year, and if that ends up being BMW, then there could be new life infused to the De Tomaso brand.

Leave a Reply