new icn messageflickr-free-ic3d pan white
DeLOREAN DMC-12 [SPORTS CAR] REF-1080324 | by infomatique
Back to photostream


When you see this car up close you immediately understand why the company failed. The build quality is terrible. Look at alignment of the headlights or the bonnet [hood] and you will see what I mean.


The original Delorean Motor Company (DMC) was an American automobile manufacturer formed by automobile industry executive John DeLorean in 1975. It is famous for the one model it produced — the distinctive stainless steel DeLorean DMC-12 sports car featuring gull-wing doors—and for its brief and turbulent history, ending in receivership and bankruptcy in 1982. Near the end, in a desperate attempt to raise the funds his company needed to survive, John DeLorean was filmed appearing to accept money to take part in drug trafficking, but was subsequently acquitted of charges brought against him on the basis of entrapment.


John DeLorean founded the DeLorean Motor Company in Detroit, Michigan on October 24, 1975. He was already well known in the automobile industry as a capable engineer, business innovator, and youngest person to become a General Motors (GM) executive. Investment capital came primarily in the form of business loans from the Bank of America and from the formation of partnerships and private investment from select parties, including The Tonight Show host Johnny Carson and entertainers Roy Clark and Sammy Davis, Jr.. Money was also gained later through a dealer investment program in which those dealerships offering DeLorean's cars for sale were made shareholders in the company.


DeLorean also sought lucrative incentives from various government and economic organisations to pay for constructing the company's automobile manufacturing facilities. To gain these, he looked to build his first factory in a country or area where unemployment was particularly high. One candidate was the Republic of Ireland, although the country's then Minister for Industry and Commerce, Desmond O'Malley, decided not to support the project. There were very good reasons why the Irish Government declined to be involved and unfortunately for the workers in Northern Ireland the UK government were unaware of the advice that had been supplied to the IDA.

2 faves
Taken on September 15, 2015