Italian styling house 'Bertone' has confirmed its bankruptcy and is now seeking a buyer. The Turin-based firm was suffering from high debts, and sent the majority of its employees home more than a month ago. It now has until April to find a buyer. If it fails to do so, the Italian court will sell the company. The styling firm is evaluating proposals from foreign interests, but so far the only thing known about the potential buyers is that one of them is Turkish.
This is not the first time in recent memory that Bertone has faced financial trouble. The company went bankrupt in 2008, after which it was split into two arms: CarrozzeriaBertone, which handles coachbuilding, and Stile Bertone, which is purely a design firm. Financial problems still continued, in 2009 the firm sold its manufacturing to plant to Fiat.
Bertone celebrated its 100th anniversary in 2012, the firm has designed some of the most memorable concept and production cars ever including names like the LanciaStratos and Lamborghini Miura and Countach, as well as the famous series of Alfa Romeo BAT concepts.