Palumbo was a car design and manufacturing company focused on environmentally friendly sports cars. It was founded by Joe Palumbo, president and director of design, and Jason Palumbo, director of engineering. The company's project was the M-80, a two-seat convertible with an integrated roll-bar structure, a lightweight space frame and a mid-mounted gas-electric hybrid powertrain of 350 hp with rear-wheel drive and a continuously variable transmission. The structure was made…