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DE TOMASO INDUSTRIES REPORTS FIRST QUARTER RESULTS

 DE TOMASO INDUSTRIES REPORTS FIRST QUARTER RESULTS
 RED BANK, N.J., May 15 /PRNewswire/ -- De Tomaso Industries, Inc.


(NASDAQ: DTOM) and its consolidated subsidiaries, which include Maserati, a leading manufacturer of Italian luxury cars, today reported a net loss of $13,244,552 for the three month period ended March 31, 1992, equal to $6.44 per share, on net sales of $32,357,546. In the first quarter of 1991, the company earned $3,468,119, equal to $1.69 per share, on net sales of $50,949,960. All amounts are translated into U.S. dollars from Italian lire at the exchange rate prevailing on March 31, 1992.
 Alejandro De Tomaso, president and chairman of the board, stated that lower than anticipated sales revenues in the first quarter of 1992 were due to a substantial drop in sales generally in the Italian luxury car market where the only demand is for cars fitted with catalytic converters even though legislation requiring such devices comes into effect only in connection with 1993 cars. Additionally, ongoing labor problems at the company's Maserati subsidiary currently are having a significant impact on sales revenues. While it is not possible to predict how long it will take to resolve these labor difficulties, if they can be resolved in the reasonably near future, that fact, coupled with the implementation of a program to fit out Maserati automobiles with catalytic converters, should favorably impact operating results for the third and fourth quarters of the current year.
 Mr. De Tomaso also stated that negotiatis? relating to the terminated "Panda" program and with GEPI, an agency of the Italian government relating to certain debt are proceeding and should be concluded before the end of the third quarter of this year.
 DE TOMASO INDUSTRIES, INC.
 Operating Highlights
 For the Quarter Ended March 31
 1992 1991 1992 1991
 (Expressed in millions of (Expressed in thousands
 Italian Lire except net of U.S. Dollars)(A)
 per share)
 Net Sales Lit. 40,091 Lit. 63,627 $32,358 $50,950
 Cost of Products
 sold 45,824 58,930 36,985 47,563
 (5,733) 4,197 (4,627) 3,387
 Selling, General
 & Administrative
 Expenses 5,722 6,818 4,618 5,503
 (11,455) (2,621) (9,245) (2,116)
 Interest and
 Other Expenses (6,490) (6,994) (5,239) (5,644)
 Interest and
 Other Income 1,535 3,301 1,239 2,664
 Income (Loss)
 Before Minority
 Interests (16,410) (6,314) (13,245) (5,096)
 Minority Interests
 Share of Loss -- 2,017 -- 1,628
 Net Income
 (Loss) Lit.(16,410) (4,297) ($13,245) (3,468)
 Net Income
 (Loss) per
 share(B) Lit. (7,976) (2,089) ($6.44) $1.69)
 (A) Translated in U.S. dollar equivalents at the exchange rate
 prevailing at March 31, 1992. The U.S. dollar equivalent
 amounts are included solely for the convenience of the
 Shareholders of De Tomaso Industries, Inc. It should not be
 construed that the assets and liabilities, expressed in U.S.
 dollar equivalents, can actually be realized in or extinguished
 by U.S. dollars at the exchange rates used in the accompanying
 translation because of fluctuations in the rate of exchange.
 (B) Net loss per share for the three months ended March 31, 1992
 and March 31, 1991 is computed on the number of shares of
 common stock outstanding, and without regard to the preferred
 stock outstanding because to do so would be anti-dilutive.
 -0- 5/12/92
 /CONTACT: Howard E. Chase of De Tomaso Industries, Inc., 212-735-8600, or Charles W. Kouns of Martin PR, 804-254-1607, for De Tomaso Industries/
 (DTOM) CO: De Tomaso Industries, Inc. ST: New Jersey IN: AUT SU: ERN


CM-JZ -- CH011 -- 0923 05/15/92 16:27 EDT
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Date:May 15, 1992
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