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The arrival of the Alfa 8C Competizione-based
Bertone B.A.T. 11 concept sportscar has
provided a welcome relief from the
machinations engulfing the now bankrupt
company. |
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While the
automotive world’s attention has in the last fortnight
been focused on Bertone’s sensational new B.A.T. 11
concept car, the three commissioners now running the
company on behalf of the Turin bankruptcy court have
filed their initial report.
The arrival of
the Alfa 8C Competizione-based Bertone B.A.T. 11 concept
sportscar has provided a welcome relief from the
machinations engulfing the now bankrupt company, and focused
on the fact that the famous Carrozziera still has design
talent and ability in abundance. However even the
presentation of B.A.T. 11 itself proved to be a saga with
Chairwoman Lilli Bertone stating that the company wouldn’t
appear in Geneva earlier this month before her daughter
Marie-Jeanne immediately contradicted her. In the end the
B.A.T. 11 made its debut in Geneva, but instead of at the
international motor show, it was unveiled at a designers
party in the city.
Meanwhile last
week the three commissioners appointed to run Bertone Spa
reported back to the tribunal with their initial outline
findings as they attempt to salvage a future for the
company, the document running to 132 pages. The Italian
press has feverishly speculated that up to seven potential
bids have been received for the 96-year-old carrozzeria
which has stood idle since its last contract ran out in
December 2005.
Automotive New
Europe reported that they had spoken to one of the
commissioners last week. “In this phase, we are just seeing
lawyers and merchant banks, but we do not know yet who they
represent," he told ANE. “In just one case, we were told the
name of the company, but we had to sign a confidentiality
agreement that even prevents us from disclosing this name to
the court," the commissioner said. ANE suggested that the
whole process of finding a buyer could take around three
months.
The
commissioners were appointed by a Turin tribunal to sort of
Bertone’s future after two attempts to sell the company at
the end of last year foundered in acrimony. The Bertone
family, who control most of the company and its voting
shares, fell out after Lilli put together a deal to sell it
to turnaround expert Dominenco Reviglio; a deal which was
announced at the beginning of January. Lilli’s two
daughters, Marie-Jeanne and Barbara, the latter a previous
managing director of Bertone, vociferously objected and
legal action ensued.
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