In mid March De Tomaso was bought by L3 Holding for €2.05 million, but as it turned out, the company was unable to meet its financial obligations, forcing De Tomaso to seek a new buyer.
The buyer was the Consolidated Ideal TeamVenture, based in Hong Kong covered legally in the Virgin Islands, which gave the amount of €1 million to acquire De Tomaso. The Chinese company intends to use the name of De Tomaso, to produce cars in China.
