[DeTomaso] revived deTomaso DOA

[John Taphorn]

Until the Germans decide to lend Italy more money, I don't think the Italian 
Gov't has much to hand out. Italy's long-term sovereign debt dynamics are 
frightening. With the third highest nominal government debt in the world, 
long-term productivity erosion, a rapidly ageing population and a history of 
unstable governing coalitions, the prognosis is not good. The risk premium 
on Italian bonds has more than doubled this year as the debt crisis engulfed 
the euro region



Although, I 'm not sure what that has to do with the marketing consultant 
group providing Mike pictures of their stay at Reno.



Mark was our Liaison with the consultants.  We'll have to see what he can 
find out.



JT
----- Original Message ----- 
From: "Larry Finch" <fresnofinches at aol.com>
To: <detomaso at realbig.com>
Sent: Monday, January 03, 2011 1:20 PM
Subject: [DeTomaso] revived deTomaso DOA


>
>
>
> Mike Drew asked:
>
> <<<<Mark McWhinney?   What's the status?>>>>
> ------------------------
>
> I think the status of the whole revived deTomaso thing is basically DOA.
>
> I personally spoke with Steve Wilkinson shortly before Christmas. He told 
> me the new venture failed to receive the expected
> support from the Italian government to reopen the closed Fiat factory.
>
> We all know, or should know, by now that Italian automakers are a very 
> interesting group and have
> business models that are not quite what we are used to seeing here in the 
> USA.
>
> Sooo, while nothing is over until the Fat Lady sings, perhaps we should 
> resign ourselves, for at least the foreseeable future,
> to remaining owners of red-haired step-child exotic cars from a once-great 
> but now nearly forgotten Italian marque.
>
> Larry
>
>
>
>
>
>
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