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Report – Famous design house Bertone close to bankruptcy

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Report - Famous design house Bertone close to bankruptcy

The coachbuilder has struggled to garner any orders and is operating at a loss despite having a presence at recent European auto shows with custom concepts, such as the Bertone Jet 2+2.

Even a sub-division, created to build one-off cars for clients called Bertone Workshop, failed to gain ground. It is now being reported that Bertone has had to furlough 165 of its employees without pay and 10 interns have been permanently let go.

The Italian media is reporting that there are seven parties at the moment interested in buying Bertone. The company is currently in the process of finding a new buyer with the assistance of a court administrator with a Turkey-based company apparently interested at a price of around $2.7 million. If an Italian judge approves the deal, the company will file for bankruptcy early next year.

by Aurel Niculescu (my Google+) - Tuesday, December 24th, 2013 - filed under Industry, News. Image credit: .
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