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De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.

Toyota FT-HS Concept (2007): first official pictures

By Tim Pollard First Official Pictures 03 June 2007 02:33 Toyota FT-HS Concept: the lowdown Salvation for supercar lovers in the 21st century: Toyota has turned its hand to creating a sports coupe with green credentials - and the futuristic FT-HS Concept mixes green with mean rather well, we think. Don't believe us? Well, how about 0-60mph in four seconds and 400bhp from a 3.5-litre V6 hybrid drivetrain - in a car that runs silently on electric power through town, with nothing more troubling than an electric whirr from the quad tailpipes.

GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.