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DE TOMASO INDUSTRIES TO DELAY RELEASE OF YEAR END RESULTS

 DE TOMASO INDUSTRIES TO DELAY RELEASE OF YEAR END RESULTS
 RED BANK, N.J., April 15 /PRNewswire/ -- De Tomaso Industries, Inc. (NASDAQ: DTOM), announced that the release of operations for the fiscal year ended Dec. 31, 1991 would be delayed by approximately 10 days, to April 24.
 Alejandro DeTomaso, chairman of the company, said that negotiations were continuing between the company's Maserati S.p.A. subsidiary and Fiat Auto S.p.A. regarding the amounts of compensation Fiat will pay to Maserati as a result of the shortfall in the "Panda" vehicle assembly program, which occurred during fiscal 1991 and as a result of the termination of that program in December 1991.
 The company had earlier announced that results for the 1991 fiscal year could be expected by today, anticipating that the negotiations with Fiat would have been concluded before completion of the company's auditor's report on fiscal 1991 operations. This would have enabled the company to include the effect of those negotiations in the company's 1991 annual report. The company will not wait for the conclusion of the negotiations before reporting 1991 results, Mr. DeTomaso said.
 Instead, the company will report its 1991 results by the end of next week without reflecting the effect of the Fiat negotiations. Mr. DeTomaso said that the company will announce the results of the negotiations as soon as they are completed, adding that while he cannot yet quantify the amount of the eventual payments, he expects them to have strong, positive impact on the company's financial position in the 1992 fiscal year.
 -0- 4/15/92
 /CONTACT: Howard Chase, De Tomaso Industries, Inc., 212-735-8679 or Charlie Kouns, Martin Public Relations, 804-254-1607, for De Tomaso Industries, Inc./
 (DTOM) CO: De Tomaso Industries, Inc. ST: New Jersey IN: AUT SU: ERN


DF -- CH008 -- 8757 04/15/92 13:28 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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