Running out of money is something that happens quite often when it comes to manufacturers recently. This time it is the Hotyork Investment Group that will bail out De Tomaso. According to news sources, the deal was concluded in December of 2011 and Hotyork have announced that they will take the De Tomaso brand globally and that they have the financial capabilities to move the company forward. Don't ask what the Hotyork Investment Group does as I can't even find anything concrete of what type of investment the group actually invests in.
But it seems all is not so rosy as Ithe Italian portal 247.libero.it reports that production was to have started at Pininfarina's old plant in Grugliasco but the company has not paid its employees since December of last year. The workers union, trade ministry of Italy, the previous owners Rossignolo as well as Hotyork's representatives are in the midst of trying to sort out all trade and labour issues in relation to the sale and purchase of De Tomaso as well as the fate of the workers. Then again, who's to say the new owners won't transfer tooling and make a new De Tomaso in China?
The moral of this story is that while you can actually take over a bankrupt car company in a country that isn't yours, but there are tons of issues that would arise from it. On a personal note I wonder if a real De Tomaso would arise out from the ashes. The last I heard MG, now owned by another car manufacturer from China, recently launched a new model called the MG6, and it isn't a that much of an MG. So the upcoming De Tomaso cars may not be much of a De Tomaso.