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In November 1982, Charles DeLorean, a Cadillac dealer in Lakewood, Ohio, and brother of John DeLorean, teamed up with Don Massey to try to acquire the assets of bankrupt DeLorean Motor Company. Their attempt was unsuccessful as a federal bankruptcy judge instead approved the sale to Columbus, Ohio-based Consolidated International. [6]
The DeLorean Motor Company (DMC) was an American automobile manufacturer formed by automobile industry executive John DeLorean in 1975. [1] It produced just one model, from early 1981 to late 1982—the stainless steel DeLorean sports car featuring gull-wing doors. Its history was brief and turbulent, ending in receivership and bankruptcy in 1982.
The original DeLorean Motor Company was founded in 1975 by businessman John DeLorean, beginning production in 1981 of a distinctive sports car with a gull-wing doors and a stainless steel exterior. The company went into bankruptcy and ceased manufacturing in 1982.
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John DeLorean after his acquittal on drug charges in August 1984. (Lori Shepler / Los Angeles Times) In 1986, DeLorean beat another federal case, this time in Detroit, on accusations that he stole ...
All About John DeLorean, ’80s Auto Mogul Arrested for Smuggling Cocaine
In March 1975, DMC entered into a contract with Italdesign to have Giorgetto Giugiaro design the DeLorean sports car. John DeLorean and Bill Collins approved one of the many designs, and the styling mock-up that was made from "epo-wood" (wooden framework with a special epoxy plaster [72]) was shipped to the DMC office in Michigan on July 31 ...
The DeLorean DMC-12 can be converted into an EV with a new bolt-on kit from Electrogenic. Along with a 43.0-kWh battery, the conversion includes a 215-hp electric motor that's claimed to take the ...