Italian carmaker De Tomaso chairman arrested

Newswire

TURIN, July 12 (Reuters) - The chairman of carmaker De Tomaso, Gian Mario Rossignolo, and two other men were arrested in a probe to determine whether they may have misused 7.5 million euros ($9.2 million) of public funds in a failed turnaround plan, Italy's tax police said on Thursday. The botched De Tomaso turnaround aimed to use a former Pininfarina factory on the outskirts of Turin to produce SUVs and sports cars. Its collapse leaves about 1,000 workers unemployed, and ...

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