Italian sports-car brand De Tomaso will move to U.S. as it plans revival


De Tomaso has said the retro-styled P72 will be powered by a 5.0-liter V-8 developed with U.S. engine tuner Roush. Power is targeted at 700 hp, the company said.

The P72 will start from 750,000 euros ($890,487) and will be limited to 72 examples, De Tomaso said last year.

Ideal Team Ventures, owned by Hong Kong businessman Norman Choi, also owned Apollo Automobili, maker of the Apollo IE hypercar.

Choi sold Apollo in March to Hong Kong watch and jewelry company WE Solutions, which rebranded themselves Apollo Future Mobility Group to reflect a series of automotive acquisitions and joint venture agreements.

Apollo Future Mobility Group said in a financial report covering the six months to the end of March 2020 that it had licensed the use of the Apollo IE’s carbon fiber platform to De Tomaso for three years for $10 million.

De Tomaso is now an independent company with no outside shareholders, it told Automotive News Europe.

Choi bought Apollo in 2016 from former Audi Sport head Roland Gumpert, and commissioned Germany’s HWA to build the Apollo IE hypercar.

De Tomaso’s most famous car is arguably the Pantera coupe launched in 1971, which used Ford V-8 engines and was sold in the U.S at Ford dealers in a partnership between the automakers.

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