A Chinese investment group’s acquisition of a majority stake in De Tomaso finally could get the wheels spinning on a long-awaited new cross/utility vehicle from the Italian auto maker. Earlier this week, Gianmario Rossignolo agreed to sell a 70% stake in De Tomaso for some E13 million ($17 million) to Car Luxury Investment, an Italian company belonging to China’s Hotyork Investment Group. With the cash infusion, the boutique car manufacturer is expected to bring to fruition ...
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