Famed Italian automotive styling house Bertone has confirmed it has entered court bankruptcy proceedings after mounting debts forced it to send staff home.
“The problem is many debts and very high costs. At the moment everything is blocked,” a spokesperson told the Telegraph. “People haven’t been coming to work for a month and a half now.”
The fate of the Turin-based company will be known by the end of April, according to the spokesperson. A court will either declare that the company will close for good or reveal the name of the most suitable buyer.