Friday 9th January 1953

Fabbrica Automobili Isotta-Fraschini was declared bankrupt. In the 1990s attempts to revive the automotive industry of Isotta Fraschini were made. Concept-car coupe and roadster Isotta Fraschini T8 were built in 1996, and concept-car roadster Isotta Fraschini T12 was built in 1998. The company never went into production and closed for bankruptcy on 1999. In 2000, after 100 years from the origin, a group of Italian investors, headed by the economistValentino Spadafora, acquired the rights to the trademark. They founded a new company, Isotta Fraschini Milano and a Cultural Foundation, Intrepida Fides.