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De Tomaso Automobili

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uuid0008cm5

Namestring
De Tomaso Automobili
Legal namestring
De Tomaso Automobili Limited
Company typeenum
Public
Founded yearint
1959
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersModena, Italy
HQ citystring
Modena
HQ countrystring
Italy
HQ regionstring
Europe
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
ultra-luxury hypercars, handcrafted sports cars, analog grand tourers, limited edition automotive, carbon fiber monocoque vehicles
SIC code1 code
  • Motor Vehicles & Passenger Car Bodies3711
Product category
Luxury Hypercars / Ultra-Exclusive Sports Cars
Social media profiles1 record
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Ultra-Luxury Vehicle Sales
TypeHardware Sales
Description

De Tomaso generates revenue primarily through the sale of bespoke, hand-crafted ultra-luxury sports cars. Each vehicle is individually commissioned with tailored finishes and aesthetic options. The P72 is priced at approximately €1,600,000 (approximately $1.8 million) before options, with only 72 units produced. The P900 track hypercar is limited to 18 units.

detomaso-automobili.com
2Cryptocurrency Payment Processing
TypeHardware Sales
Description

Starting June 2025, De Tomaso accepts Bitcoin (BTC) as payment for select future flagship models, targeting high-net-worth collectors who value global accessibility and digital payment options.

detomaso-automobili.com
3Merchandise and Accessories
TypeHardware Sales
Description

The DT Store sells branded merchandise and accessories, subject to standard e-commerce terms and conditions. Products are shipped from the German operations in Kösching.

detomaso-automobili.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Pricing details2 tiers
1De Tomaso P72 - Ultra-luxury grand tourer limited to 72 bespoke commissions
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Starting price: €1,600,000 (approximately $1.8 million) before options. Each of the 72 production cars is individually commissioned with tailored finishes and aesthetic options. Currently sold out. First customer deliveries commenced in late 2025.

detomaso-automobili.com
2De Tomaso P900 - Track-focused hypercar limited to 18 units
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Limited to 18 units, configured exclusively for track use. Final engine specification confirmed as 7.0L naturally aspirated V12 producing 900hp. Pricing not publicly disclosed; invitation-only allocation program.

detomaso-automobili.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

De Tomaso Automobili manufactures and sells ultra-luxury, hand-crafted sports cars on a strictly limited-production basis. Its flagship P72 grand tourer (limited to 72 individually commissioned units at €1,600,000+ each) is built around an all-carbon fiber monocoque chassis and a 5.0L supercharged V8 paired exclusively with a 6-speed manual transmission, with a fully analog interior free of screens or digital aids. The forthcoming P900 adds a track-only 7.0L naturally aspirated V12 (18 units), reinforcing the brand's positioning around bespoke craftsmanship, mechanical purity, and 1960s-inspired design heritage.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • First customer P72 delivery achieved in June 2026, seven years after concept debut
+2 more records
Product overview1 text field

De Tomaso Automobili is a luxury Italian hypercar manufacturer offering a portfolio of ultra-exclusive vehicles. The current product line includes the P72 (700HP supercharged V8 grand tourer, limited to 72 units) and the P900 (900HP naturally aspirated V12 track hypercar, limited to 18 units). Both vehicles feature analog-only driving experiences with no screens. The company also maintains a legacy models archive featuring the Pantera, Mangusta, Vallelunga, and P70. Customers commission their vehicles through an online configurator and work directly with the atelier on bespoke specifications. The P72 is currently sold out with deliveries underway, while the P900 is in development for track use. The company was acquired by Norman Choi in 2014 and completed a business combination with OIO Group in April 2026, now listed on Nasdaq.

Product and service3 records
1De Tomaso P72
CategoryUltra-luxury grand tourer / hypercar
Description

Ultra-luxury analog grand tourer featuring a hand-assembled 5.0L supercharged V8 producing 700hp and 820Nm of torque, paired exclusively with a 6-speed manual transmission. Built on an all-carbon fiber monocoque chassis with no screens, no drive modes, and no electronic driver aids. Limited to 72 individually commissioned units, each bespoke-specified through the online configurator.

2De Tomaso P900
CategoryTrack-only hypercar
Description

Track-focused hypercar featuring a 7.0L naturally aspirated 65-degree V12 producing 900hp at 9,500 rpm with a 10,200 rpm redline, developed in collaboration with ItalTecnica. Features gear-driven cascade distribution, dual overhead camshafts per bank, four titanium valves per cylinder, and eight-stage dry sump lubrication. Limited to 18 units configured exclusively for track use.

3DT Store Branded Merchandise and Accessories
CategoryBranded merchandise / accessories
Description

Branded merchandise and accessories sold through the company-owned DT Store (Shopify-powered), fulfilled from the German operations in Kösching. Includes pricing in EU VAT with delivery charges added at checkout and standard e-commerce terms.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2026-02-24
Description

Strategic technical collaboration with Italian powertrain specialists ItalTecnica for development of the P900's 7.0L naturally aspirated V12 engine. ItalTecnica, led by Carlo Cavagnero, carries the legacy of Claudio Lombardi's engine architecture philosophy from Formula 1's naturally aspirated era. The partnership develops a 900hp V12 with 10,200 rpm redline, gear-driven distribution, and sub-200kg weight for exclusive track use.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-16
Description

Joint development program with ESA, a subsidiary of ESGL Holdings Limited, to research sustainable automotive materials using circular multi-walled carbon nanotubes (MWCNTs) produced from plastic waste. The P72 hypercar serves as the reference platform for developing ultra-luxury vehicle components with sustainable materials. This partnership supports De Tomaso's environmental sustainability initiatives while leveraging innovative material science.

Recent move10 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Italian ultra-luxury hypercar manufacturer producing the Zonda and Huayra in extremely limited volumes (often fewer than 100 units per model). Closely comparable to De Tomaso on bespoke commissioning, Italian craftsmanship, analog driving purity, and multi-million-euro ASPs.

TypeBroad incumbent
Description

Volkswagen Group-owned Italian luxury sports car maker with limited-series programs (Sián, Revuelto) alongside core models. Comparable on ultra-luxury positioning and limited-run flagship programs, but with substantially higher annual production.

TypeDirect peer
Description

Swedish manufacturer of low-volume hypercars (Jesko, Gemera, CC850) priced at multi-million-euro levels with bespoke customer programs and proprietary powertrain engineering. Directly comparable on low-volume ultra-luxury positioning and performance focus.

TypeDirect peer
Description

American hypercar manufacturer producing the Venom F5 in extremely limited units (24 cars) with bespoke customer commissioning. Comparable on low-volume hypercar positioning, multi-million-dollar pricing, and analog performance focus.

TypeDirect peer
Description

Italian design-led ultra-luxury hypercar maker (Battista electric hypercar), producing limited-edition vehicles through bespoke commissioning. Comparable on Italian heritage, ultra-low volumes, and curated HNW customer experience.

TypeBroad incumbent
Description

Iconic Italian luxury and sports car manufacturer with broader portfolio including limited Icona series (Daytona SP3). Comparable on Italian heritage, bespoke commissioning programs, and HNW client base, but with significantly higher volumes and broader product range.

TypeBroad incumbent
Description

British sports car manufacturer under Geely ownership producing limited-edition hypercars (Evija) alongside broader sports car lineup. Comparable on engineering-driven heritage and limited-run hypercar programs, though positioned more broadly in sports cars.

TypeEmerging player
Description

Croatian electric hypercar manufacturer (Nevera) producing 150 units at multi-million-euro pricing with bespoke customer programs. Comparable on ultra-low-volume hypercar positioning but contrasts with De Tomaso through electric-only powertrain.

TypeBroad incumbent
Description

British luxury sports car manufacturer with broader portfolio (DB12, Vantage, Valkyrie) and a limited-edition hypercar program (Valkyrie). Comparable on bespoke commissioning and HNW customer base, but with much higher production volumes and a wider model range.

TypeDirect peer
Description

French ultra-luxury hypercar maker (Chiron, Tourbillon) under Volkswagen Group ownership, producing W16-powered hypercars in the multi-million-euro price tier with extensive bespoke programs. Comparable on price band and ultra-low-volume positioning.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

De Tomaso Automobili

Luxury Hypercars / Ultra-Exclusive Sports Carsdetomaso-automobili.com

De Tomaso Automobili firmographics

Firmographics
Name
De Tomaso Automobili
Legal name
De Tomaso Automobili Limited
Website
https://detomaso-automobili.com
Company type
Public
Founded year
1959
Operating status
Operating
Headcount range
11–50 employees
Ownership category
akta.pro rank

Where De Tomaso Automobili is headquartered

Location

Headquarters

HQ city
Modena
HQ country
Italy
HQ region
Europe

Offices5 records

Markets served

De Tomaso Automobili business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Ultra-Luxury Vehicle Sales: De Tomaso generates revenue primarily through the sale of bespoke, hand-crafted ultra-luxury sports cars. Each vehicle is individually commissioned with tailored finishes and aesthetic options. The P72 is priced at approximately €1,600,000 (approximately $1.8 million) before options, with only 72 units produced. The P900 track hypercar is limited to 18 units.
  2. Cryptocurrency Payment Processing: Starting June 2025, De Tomaso accepts Bitcoin (BTC) as payment for select future flagship models, targeting high-net-worth collectors who value global accessibility and digital payment options.
  3. Merchandise and Accessories: The DT Store sells branded merchandise and accessories, subject to standard e-commerce terms and conditions. Products are shipped from the German operations in Kösching.

Pricing tiers

ModelBillingPrice
One time/ perpetual licensePay-as-you-goDe Tomaso P72 - Ultra-luxury grand tourer limited to 72 bespoke commissions
One time/ perpetual licensePay-as-you-goDe Tomaso P900 - Track-focused hypercar limited to 18 units

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

De Tomaso Automobili product offering

Product offering

Core offering

De Tomaso Automobili manufactures and sells ultra-luxury, hand-crafted sports cars on a strictly limited-production basis. Its flagship P72 grand tourer (limited to 72 individually commissioned units at €1,600,000+ each) is built around an all-carbon fiber monocoque chassis and a 5.0L supercharged V8 paired exclusively with a 6-speed manual transmission, with a fully analog interior free of screens or digital aids. The forthcoming P900 adds a track-only 7.0L naturally aspirated V12 (18 units), reinforcing the brand's positioning around bespoke craftsmanship, mechanical purity, and 1960s-inspired design heritage.

Product overview

De Tomaso Automobili is a luxury Italian hypercar manufacturer offering a portfolio of ultra-exclusive vehicles. The current product line includes the P72 (700HP supercharged V8 grand tourer, limited to 72 units) and the P900 (900HP naturally aspirated V12 track hypercar, limited to 18 units). Both vehicles feature analog-only driving experiences with no screens. The company also maintains a legacy models archive featuring the Pantera, Mangusta, Vallelunga, and P70. Customers commission their vehicles through an online configurator and work directly with the atelier on bespoke specifications. The P72 is currently sold out with deliveries underway, while the P900 is in development for track use. The company was acquired by Norman Choi in 2014 and completed a business combination with OIO Group in April 2026, now listed on Nasdaq.

Differentiator

Problem solved

Functional benefit

Products and services

  • De Tomaso P72 Ultra-luxury analog grand tourer featuring a hand-assembled 5.0L supercharged V8 producing 700hp and 820Nm of torque, paired exclusively with a 6-speed manual transmission. Built on an all-carbon fiber monocoque chassis with no screens, no drive modes, and no electronic driver aids. Limited to 72 individually commissioned units, each bespoke-specified through the online configurator.
  • De Tomaso P900 Track-focused hypercar featuring a 7.0L naturally aspirated 65-degree V12 producing 900hp at 9,500 rpm with a 10,200 rpm redline, developed in collaboration with ItalTecnica. Features gear-driven cascade distribution, dual overhead camshafts per bank, four titanium valves per cylinder, and eight-stage dry sump lubrication. Limited to 18 units configured exclusively for track use.
  • DT Store Branded Merchandise and Accessories Branded merchandise and accessories sold through the company-owned DT Store (Shopify-powered), fulfilled from the German operations in Kösching. Includes pricing in EU VAT with delivery charges added at checkout and standard e-commerce terms.

Quantifiable outcome

  • First customer P72 delivery achieved in June 2026, seven years after concept debut
  • +2 more outcomes

Companies that use De Tomaso Automobili

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

De Tomaso Automobili technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

De Tomaso Automobili partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • ItalTecnicacoreTechnology or Integration · 24 February 2026Strategic technical collaboration with Italian powertrain specialists ItalTecnica for development of the P900's 7.0L naturally aspirated V12 engine. ItalTecnica, led by Carlo Cavagnero, carries the legacy of Claudio Lombardi's engine architecture philosophy from Formula 1's naturally aspirated era. The partnership develops a 900hp V12 with 10,200 rpm redline, gear-driven distribution, and sub-200kg weight for exclusive track use.
  • Environmental Solutions Asia (ESA)coreStrategic or Co-development Partner · 16 January 2026Joint development program with ESA, a subsidiary of ESGL Holdings Limited, to research sustainable automotive materials using circular multi-walled carbon nanotubes (MWCNTs) produced from plastic waste. The P72 hypercar serves as the reference platform for developing ultra-luxury vehicle components with sustainable materials. This partnership supports De Tomaso's environmental sustainability initiatives while leveraging innovative material science.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

De Tomaso Automobili competitors and assessment

Company assessment

Direct peers

  • Pagani Automobili: Italian ultra-luxury hypercar manufacturer producing the Zonda and Huayra in extremely limited volumes (often fewer than 100 units per model). Closely comparable to De Tomaso on bespoke commissioning, Italian craftsmanship, analog driving purity, and multi-million-euro ASPs.
  • Koenigsegg Automotive: Swedish manufacturer of low-volume hypercars (Jesko, Gemera, CC850) priced at multi-million-euro levels with bespoke customer programs and proprietary powertrain engineering. Directly comparable on low-volume ultra-luxury positioning and performance focus.
  • Hennessey Special Vehicles: American hypercar manufacturer producing the Venom F5 in extremely limited units (24 cars) with bespoke customer commissioning. Comparable on low-volume hypercar positioning, multi-million-dollar pricing, and analog performance focus.
  • Automobili Pininfarina: Italian design-led ultra-luxury hypercar maker (Battista electric hypercar), producing limited-edition vehicles through bespoke commissioning. Comparable on Italian heritage, ultra-low volumes, and curated HNW customer experience.
  • Bugatti Automobiles: French ultra-luxury hypercar maker (Chiron, Tourbillon) under Volkswagen Group ownership, producing W16-powered hypercars in the multi-million-euro price tier with extensive bespoke programs. Comparable on price band and ultra-low-volume positioning.

Broad incumbents

  • Lamborghini: Volkswagen Group-owned Italian luxury sports car maker with limited-series programs (Sián, Revuelto) alongside core models. Comparable on ultra-luxury positioning and limited-run flagship programs, but with substantially higher annual production.
  • Ferrari N.V. Iconic Italian luxury and sports car manufacturer with broader portfolio including limited Icona series (Daytona SP3). Comparable on Italian heritage, bespoke commissioning programs, and HNW client base, but with significantly higher volumes and broader product range.
  • Lotus Cars: British sports car manufacturer under Geely ownership producing limited-edition hypercars (Evija) alongside broader sports car lineup. Comparable on engineering-driven heritage and limited-run hypercar programs, though positioned more broadly in sports cars.
  • Aston Martin Lagonda: British luxury sports car manufacturer with broader portfolio (DB12, Vantage, Valkyrie) and a limited-edition hypercar program (Valkyrie). Comparable on bespoke commissioning and HNW customer base, but with much higher production volumes and a wider model range.

Emerging players

  • Rimac Automobili: Croatian electric hypercar manufacturer (Nevera) producing 150 units at multi-million-euro pricing with bespoke customer programs. Comparable on ultra-low-volume hypercar positioning but contrasts with De Tomaso through electric-only powertrain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

De Tomaso Automobili social profiles

Digital presence

De Tomaso Automobili financial estimates

Financial estimate

Revenue estimate

Valuation estimate

De Tomaso Automobili leadership team

Management profile

Number of profiles

Profiles1 record

De Tomaso Automobili funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

De Tomaso Automobili M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about De Tomaso Automobili

What does De Tomaso Automobili do?

De Tomaso Automobili manufactures and sells ultra-luxury, hand-crafted sports cars on a strictly limited-production basis. Its flagship P72 grand tourer (limited to 72 individually commissioned units at €1,600,000+ each) is built around an all-carbon fiber monocoque chassis and a 5.0L supercharged V8 paired exclusively with a 6-speed manual transmission, with a fully analog interior free of screens or digital aids. The forthcoming P900 adds a track-only 7.0L naturally aspirated V12 (18 units), reinforcing the brand's positioning around bespoke craftsmanship, mechanical purity, and 1960s-inspired design heritage.

Is De Tomaso Automobili a public or private company?

De Tomaso Automobili is a public company. It is classified as public and is currently operating.

When was De Tomaso Automobili founded?

De Tomaso Automobili was founded in 1959. It employs 11 to 50 people.

Where is De Tomaso Automobili based?

De Tomaso Automobili is headquartered in Modena, Italy, in the Europe region.

How does De Tomaso Automobili make money?

Three revenue lines are on record. Ultra-Luxury Vehicle Sales are the primary driver. The others are cryptocurrency Payment Processing and merchandise and Accessories.

Who are De Tomaso Automobili's main competitors?

Direct peers on record are Pagani Automobili, Koenigsegg Automotive, Hennessey Special Vehicles, Automobili Pininfarina and Bugatti Automobiles. Broad incumbents are Lamborghini, Ferrari N.V., Lotus Cars and Aston Martin Lagonda. Rimac Automobili is listed as an emerging player.

Does De Tomaso Automobili have an API?

No public API is recorded for De Tomaso Automobili.

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Live signals
Autoevolution5 of the Most Extreme Cars Without a Windshield To Experience FallFive production cars without windshields are profiled: De Tomaso Guara Barchetta, Renault Sport Spider, Ariel Atom, smart crossblade, and Mercedes-Benz SLR McLaren Stirling Moss. Each lacks a windshield, with the SLR McLaren Stirling Moss being the most expensive at over twice the cost of a standard SLR.PR Newswire APACDe Tomaso Advances Next-Generation V12 Programme with ItaltecnicaOIO Group (NASDAQ: OIO) announced its collaboration with Italtecnica Engineering on De Tomaso's next-generation V12 programme, with prototype bench testing now underway following the completion of the engine's design and engineering phase. The clean-sheet V12 is being developed from first principles exclusively for the De Tomaso marque, representing a deliberate strategic decision to own the engineering DNA that will define future De Tomaso automobiles. The programme enters its critical validation phase for durability, calibration, thermal management and performance testing before vehicle integration.BenzingaWhy OIO Shares Are Down After Business Combination Update - OIO (NASDAQ:OIO)OIO Group (NASDAQ:OIO) shares declined approximately 20% to $1.52, a new 52-week low, after the company disclosed its post-closing share structure following the completion of a business combination with De Tomaso Automobili on April 24, 2026. The transaction resulted in 348,022,108 ordinary shares outstanding after implementing a one-for-three reverse stock split, diluting legacy shareholders. Technical indicators show the stock trading 76.8% below its 20-day SMA with an RSI of 9.30, signalling extreme oversold conditions and a damaged short-term trend.Stock TitanOIO completes De Tomaso deal; control shiftsOIO Group (NASDAQ: OIO) has completed its previously announced business combination with De Tomaso Automobili Holdings Limited, resulting in a change of control of the company. De Tomaso founder Norman Choi has become the controlling shareholder and is expected to assume the roles of CEO and Chairman following customary post-closing corporate actions. A 1-for-3 reverse stock split of ordinary shares will take effect at the commencement of trading on April 24, 2026, to align the company's capital structure with Nasdaq listing requirements.Quiver QuantitativeOIO Group Approves 1-for-3 Reverse Stock Split in Preparation for Nasdaq Listing and Business Combination with De Tomaso Automobili Holdings LimitedOIO Group's Board of Directors has approved a 1-for-3 reverse stock split effective April 24, 2026, in preparation for its Nasdaq listing and concurrent business combination with De Tomaso Automobili Holdings Limited. The reverse split is designed to meet Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2), reducing every three issued shares into one share while preserving shareholders' proportionate ownership interests. Upon closing of the business combination, OIO Group expects to commence trading on The Nasdaq Capital Market under the symbol "OIO" as a combined company, marking a significant milestone in its strategic development.Stock TitanESGL rebrands as OIO Group, adopts new Nasdaq nameESGL Holdings Limited announced its corporate name change to OIO Group and ticker symbol change from ESGL to OIO on Nasdaq, effective March 10, 2026, following shareholder approval at an Extraordinary General Meeting. The rebranding reflects the company's evolving strategy to build and support a portfolio of distinctive operating businesses with long-term growth potential. The company also disclosed an ongoing proposed business combination with De Tomaso Automobili Holdings Limited, which remains subject to customary closing conditions and approvals.Stock TitanESGL notes jury verdict favoring De TomasoESGL Holdings Limited announced a unanimous jury verdict in the U.S. District Court for the Southern District of New York (Case No. 23-cv-09809) in favor of De Tomaso Automobili Holdings Limited and its owner Norman Choi, rejecting all claims by former CEO Ryan Berris who alleged he held an equity interest and was entitled to compensation including a bespoke limited edition supercar. The jury also found in favor of De Tomaso on counterclaims for breach of fiduciary duty and awarded damages, clearing De Tomaso and Mr. Choi of all allegations of fraud, dishonesty, or unjust action. ESGL continues to work toward closing the proposed business combination with De Tomaso, subject to Nasdaq approval and customary closing conditions.Business Wire BlogJury Delivers Unanimous Verdicts For De Tomaso Automobili, Dismissing Meritless AllegationsDe Tomaso Automobili secured unanimous jury verdicts in a 2023 federal action brought by former CEO Ryan Berris in the U.S. District Court for the Southern District of New York, with the jury rejecting all of Berris’s claims including alleged breach of an oral compensation agreement, fraudulent scheme, and defamation. The jury found in favor of De Tomaso on its counterclaims for breach of fiduciary duty and awarded damages, concluding that Berris breached his duties of loyalty and care to the company. The verdict confirms Berris held no equity ownership in De Tomaso and had no contractual entitlement to the compensation or limited edition supercar he claimed.Investing.comESA and De Tomaso partner on sustainable materials for luxury cars By Investing.comEnvironmental Solutions Asia (ESA), a subsidiary of ESGL Holdings Limited, announced a joint development program with De Tomaso Automobili to research sustainable automotive materials involving carbon nanotubes. The program focuses on developing components for ultra-luxury vehicles using circular multi-walled carbon nanotubes (MWCNTs) produced from plastic waste, with De Tomaso's P72 hypercar serving as the reference platform.Stock TitanESGL Signs MOU for Carbon-Neutral Luxury Race CircuitESGL Holdings Limited, in collaboration with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama, signed a non-binding Memorandum of Understanding to explore the feasibility of developing a carbon-neutral luxury race circuit in Bintan, Indonesia. The MOU aims to combine low-carbon technologies and luxury automotive design to potentially position Bintan as a hub for sustainable mobility. This initiative supports ESGL’s mission to advance circular economy solutions within experiential mobility and low-carbon infrastructure.