If you were holding out hope for a De Tomaso revival prepare to be disappointed as Automobili Turismo Sport (ATS) has reportedly given up their bid for the defunct brand.

If you were holding out hope for a De Tomaso revival prepare to be disappointed as Automobili Turismo Sport (ATS) has reportedly given up their bid for the defunct brand.

Speaking to Autoblog, ATS chief Gianluca Gregis said the company will be leaving Italy to setup shop in the Canary Islands. The move will reportedly bring a number of benefits including tax incentives and easier shipping to global locations.

Unfortunately, the change has caused the company to refocus their efforts and drop necessary projects. As a result, ATS have withdrawn their bid for De Tomaso and sold their Leggera roadster program to an unnamed automaker.

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