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Former Fiat SpA marketing executive and Italian businessman Gian Mario Rossignolo plans to revive the De Tomaso sports car brand, reports Automotive News. Rossignolo plans to build 8,000 De Tomaso cars a year in a former Pininfarina factory near Turin.

79-year Rossignolo said that he plans to offer a three-model range of aluminum premium vehicles. He bought the brand from a Modena bankruptcy court earlier this month.

Originally, the De Tomaso company was founded in Modena in 1959 by Alejandro De Tomaso, a former Argentinean race-car driver. The company closed its doors and filed for bankruptcy in 2004, a year after De Tomaso’s death. The brand had three popular coupes in the 1960s and 1970s including the Vallelunga, Mangusta and the Pantera.

- By: Omar Rana

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