[sciencefiction.com]
|
When I was a kid I always dreamed about driving a DeLorean
DMC-12. The futuristic controls and lights in the car intrigued me; it was so
fast it left trails of fire on the blacktop (as shown on the trilogy “Back to
the Future”).
I remember asking my dad: “Why can’t
we have the “Back to the Future” car?”
He told me: “The man who built them
just doesn’t want to build them anymore and he dumped the car dies (used to
shape the body panels) in the ocean so nobody else can build them.”
It made me angry that a selfish man
was preventing us from being able to own a “Back to the Future” car. I still
want a DeLorean, and I have always been disappointed that I couldn’t have one.
I have never taken the time to research and find out the real story behind the
DeLorean Motor Company, and why they no longer make the DMC-12.
Believed to be the DeLorean car dies being used as net anchors by a
fishing boat in Northern Ireland [jalopnik.com]
|
The founder of DeLorean Motor Company was John Z. DeLorean,
former Pontiac chief engineer who also developed the Pontiac GTO. In 1973, John
left GM and founded the DeLorean Motor Company in 1975. He was able to get
financing from a number of sources including: Johnny Carson, Roy Clark, and
Sammy Davis Jr. “DeLorean also
sought lucrative incentives from various government and economic organizations
to pay for constructing the company's automobile manufacturing facilities”
[Wikipedia.com]. The
British government gave him around 120 million dollars to build his factory in
Northern Ireland, which provided the government a much needed economy boost,
and also provided jobs for over 2,000 people. “Production was scheduled to begin in 1979, but … delays
and budget overruns caused the assembly lines to start only in early 1981.” [Wikipedia.com]
Most of the factory
workers had never had a job before, so
early productions of the expensive DMC-12’s were poorly built. Due to the lack
of reliability in early production, and the high sticker price of $25,000,
DeLorean needed to offer an incentive to encourage consumers to buy the car. In
order to boost sales, DeLorean offered a 12-month, 12,000-mile warranty. John
DeLorean, “in a desperate
attempt to raise the funds his company needed to survive”[Wikipedia.com] was
arrested for allegedly providing funds to support drug trafficking. His company was able to produce 9,000 cars
before manufacturing was halted. The
British government took control of the plant and it finally went bankrupt.
John DeLorean [google images] |
After DeLorean Motor Company went
bankrupt there were many consumers who needed repairs and parts for their
vehicles. Since the company was bankrupt, car dealers were unable get parts to
perform any of the warrantied repairs. Stephen Wynne, a mechanic in England
“operated an independent auto service facility that specialized in English and
French cars… he was approached by a DeLorean owner who needed repairs to his
car and Wynne quickly recognized the Renault drivetrain and other components
commonly found on cars that his company normally serviced.” [Delorean.com/about]
Word quickly spread that Wynne could repair the DeLorean. To better serve the overwhelming
demand for repairs, Wynne moved his company to Houston, TX. He was later able
to get the rights to rename his company “DeLorean Motor Company”, and to this
day the Wynne’s “DeLorean Motor Company” offers repairs and services for the
DeLorean DMC-12. On their website (delorean.com) you can purchase a restored DeLorean
DMC-12 for $25,000-$55,000.
After doing more research I found
that federal agents baited John DeLorean into getting involved with drug
trafficking. A convicted narcotics smuggler, who later became an FBI informant,
approached DeLorean with a “business opportunity”, which had been set-up by the
FBI. John DeLorean put off funding the “business opportunity” until he was told
that his family’s lives were in danger if he didn’t cooperate. He was told by
his attorney to act as though he had the money with him and then when he went
to meet the smuggler, he was arrested for drug trafficking. After his company
went bankrupt, he was able to get all the charges dropped under the laws of
Entrapment.
John DeLorean put everything he had
into keeping his dream company afloat, federal agents had taken advantage of
him in a desperate time, they threatened his family’s safety, and lured him into
doing something illegal. The federal agents didn’t accomplish any good by doing
this; instead they ruined John DeLorean’s company, put thousands of people out
of work, and ended the production of a beautiful car.
John DeLorean 1925-2005 [google images] |
No comments:
Post a Comment