The De Lorean Motor Company (DMC) was a short-lived automobile manufacturer formed by automobile industry executive John De Lorean in 1975. It is remembered for the one model it produced – the distinctive stainless steel De Lorean 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 De Lorean 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. Image File history File links DMC_Logo. ... is the 297th day of the year (298th in leap years) in the Gregorian calendar. ... Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... Detroit redirects here. ... Dunmurry (County Antrim, Northern Ireland) is a village situated between the cities of Belfast and Lisburn. ... Northern Ireland (Irish: , Ulster Scots: Norlin Airlann) is a constituent country of the United Kingdom lying in the northeast of the island of Ireland, covering 5,459 square miles (14,139 km², about a sixth of the islands total area). ... John Zachary De Lorean (b. ... Car redirects here. ... The De Lorean DMC-12 is a sports car that was manufactured by the De Lorean Motor Company for the American market from 1981 to 1983 in Northern Ireland. ... This article is about work. ... Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Automakers are companies that produce automobiles. ... Automakers are companies that produce automobiles. ... John Zachary De Lorean (b. ... The 630 foot high, stainless-clad (type 304L) Gateway Arch defines St. ... The De Lorean DMC-12 is a sports car that was manufactured by the De Lorean Motor Company for the American market from 1981 to 1983 in Northern Ireland. ... 1963 Jaguar E-Type, a classic sports car 1963 Chevrolet Corvette was based upon European sports cars A sports car is an automobile designed for performance driving. ... A De Lorean DMC-12 with its doors open A Bricklin SV-1 with its doors open The term gull-wing door is used to describe automobile doors which are hinged at the roof. ... Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ... Year 1982 (MCMLXXXII) was a common year starting on Friday (link displays the 1982 Gregorian calendar). ... Retail selling Street selling is the bottom of the chain and can be accomplished through purchasing from prostitutes, through cloaked retail stores or refuse houses for users in the act located in red-light districts which often also deal in paraphernalia, dealers marketing merriment at night clubs and other events... For the film, see Entrapment (film). ...

The De Lorean DMC-12 shot to worldwide fame in the Back to the Future movie trilogy as the car transformed into a time machine by eccentric scientist Doctor Emmett L. Brown, although the company had ceased to exist before the first movie was made. Texas entrapreneur Stephen Wynne is the current owner of Delorean Motor Company.[2] The Back to the Future trilogy is a science fiction film trilogy written by Bob Gale and Robert Zemeckis, directed by Zemeckis and distributed by Universal Pictures. ... Time travel is a concept that has long fascinated humanity—whether it is Merlin experiencing time backwards, or religious traditions like Mohammeds trip to Jerusalem and ascent to heaven, returning before a glass knocked over had spilt its contents. ... Dr. Emmett Lathrop Doc Brown is a fictional character, one of the lead characters in the Back to the Future motion picture trilogy, played by actor Christopher Lloyd in the three films and the live action sequences of the animated series. ...

History

Beginning

John De Lorean founded the De Lorean Motor Company in Detroit, Michigan on October 24, 1975. He was already well known in the automobile industry as a first-rate engineer, maverick business innovator, jetsetter and youngest person to become a General Motors executive. Investment capital came primarily in the form of business loans from the Bank of America and from the formation of various partnerships and private investment from select parties, including The Tonight Show host Johnny Carson. Money was also gained later through a dealer investment program in which those dealerships offering De Lorean's cars for sale were made shareholders in the company. Detroit redirects here. ... is the 297th day of the year (298th in leap years) in the Gregorian calendar. ... Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... Invest redirects here. ... Capital has a number of related meanings in economics, finance and accounting. ... Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested. ... This article does not cite any references or sources. ... For other persons named John Carson, see John Carson (disambiguation). ...

De Lorean also sought lucrative incentives from various government and economic organizations 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, Des O'Malley, decided not to support the project. A deal in Puerto Rico was about to be agreed when De Lorean took up a last-minute offer from the Northern Ireland's Industrial Development Board (IDB). The British government was very keen to create jobs in Northern Ireland to reduce sectarian violence by reducing unemployment. As part of this offer, De Lorean was apparently under the impression that the British government would provide his company with Export Credit financing. This would provide a loan of 80% of the wholesale cost of the vehicles (US$20,000) upon completion and delivery for shipping. The Department of Enterprise Trade and Employment is one of the most important economic ministeries in the Irish Cabinet. ... Desmond (Dessie) Joseph OMalley (born February 2, 1939), was a senior Fianna Fáil politician, the founder of the Progressive Democrats and the partys first leader (1985-1993). ... Northern Ireland (Irish: , Ulster Scots: Norlin Airlann) is a constituent country of the United Kingdom lying in the northeast of the island of Ireland, covering 5,459 square miles (14,139 km², about a sixth of the islands total area). ... Sectarian violence or sectarian strife is violence inspired by sectarianism, that is, between different sects of one particular mode of thought, not necessarily religious (e. ... Export Credit Agencies and Investment Insurance Agencies, commonly known as ECAs, are institutions which act as finance companies for private domestic entities who conduct business abroad. ...

Manufacturing Facility

In October 1978, construction of the 6-building, 660,000 square foot (61,000 m²) manufacturing plant began in Northern Ireland and was completed in 16 months by Farrans McLaughlin & Harvey. Officially known as DMCL (De Lorean Motor Company, Ltd.), the facility was located in Dunmurry, a suburb of Belfast. It was situated on an interface between two communities with differing religious predominations; Twinbrook (Catholic), and Dunmurry (Protestant). ^[1] The facility had separate entrances for each side, but this was more of a geographic convenience than it was for religious segregation. For other uses, see October (disambiguation). ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... Dunmurry (County Antrim, Northern Ireland) is a village situated between the cities of Belfast and Lisburn. ... This article is about the city in Northern Ireland. ... Protestantism is a general grouping of denominations within Christianity. ...

Unit production was scheduled to begin in 1979, but engineering delays and budget overruns caused the assembly lines to start in early 1981. Workers at the factory were generally inexperienced; many never had jobs before joining DMC. This may have contributed to the reported quality issues attributed to the early production vehicles and the subsequent establishment of Quality Assurance Centers (QAC) located at various delivery locations. QACs were set up in California, New Jersey and Michigan where some of the quality issues were to be addressed and resolved before delivery to dealerships. Some of the issues related to the fitting of body panels, higher-output alternators, and gullwing door adjustments. Manufacturing (from Latin manu factura, making by hand) is the use of tools and labor to make things for use or sale. ... Engineering is the discipline of acquiring and applying knowledge of design, analysis, and/or construction of works for practical purposes. ... Look up budget in Wiktionary, the free dictionary. ... Modern car assembly line. ... Quality assurance (QA) is the activity of providing evidence needed to establish confidence among all concerned, that quality-related activities are being performed effectively. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... This article is about the U.S. state. ... Official language(s) None (English, de-facto) Capital Lansing Largest city Detroit Largest metro area Metro Detroit Area  Ranked 11th  - Total 97,990 sq mi (253,793 km²)  - Width 239 miles (385 km)  - Length 491 miles (790 km)  - % water 41. ... Typical car dealership selling used cars outside, new cars in the showroom, as well as a vehicle entrance to the parts and service area in the back of the building. ... A De Lorean DMC-12 with its doors open A Bricklin SV-1 with its doors open A Mercedes-Benz 300SL Gullwing with its doors open The term gull-wing door is used to describe automobile doors which are hinged at the roof. ...

The combined efforts of quality assurance improvements at the factory and the post-production quality assurance done at the QACs were generally successful, although workmanship complaints would still occasionally arise; the 1981 De Loreans were delivered with a 12 month, 12,000 mile warranty. Though by 1982, improvements in components and the more experienced workforce meant that production quality was vastly improved. Disputes between dealerships and customers arose later because many dealerships refused to do more warranty work because they were not reimbursed. Quality assurance (QA) is the activity of providing evidence needed to establish confidence among all concerned, that quality-related activities are being performed effectively. ... In commercial and consumer transactions, a warranty is an obligation that an article or service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the...

Vehicles

DMC-12

Main article: De Lorean DMC-12

De Lorean DMC-12 with gull-wing doors open.

Reception by the car buying public and automotive magazines was mixed. Although the early vehicles had impressive waiting lists of anxious consumers, the MSRP sticker price of $25,000 ($62,300 in 2007 dollars[3]) was cost-prohibitive for the majority of the market - especially for what many considered to be an under-powered and impractical plaything. "It's not a barn burner," observed Road & Track, "(with) a 0-60 mph time of 10.5 seconds. Frankly, that's not quick for a sports/GT car in this price category." The stainless steel body panels were an attractive design concept and impervious to corrosion, but in practice the sheen surface tended to show fingerprints. It also meant that the car could not be easily painted; every factory original De Lorean looked virtually identical. Some dealerships painted their cars on delivery to help make theirs more distinctive. De Lorean Motor Company was testing the use of translucent paint to help provide different color options on the cars while also allowing the stainless steel grain to show through, but no cars were sold with factory painted body panels. The only factory option initially available was an automatic transmission. A grey interior was offered later in 1981 as an alternative to the standard black interior. Several accessories including pinstriping and luggage racks helped provide further individuality. ^[2] The De Lorean DMC-12 is a sports car that was manufactured by the De Lorean Motor Company for the American market from 1981 to 1983 in Northern Ireland. ... Image File history File linksMetadata IMG_9992. ... Image File history File linksMetadata IMG_9992. ...

During 1981, it was reported there were plans to have made a 4-door version of the car (perhaps on a longer wheelbase) for 1983. It was to have been of stainless steel, and with gullwing doors. Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ...

Downturn

It would seem that the eventual lack of demand, unforeseen cost overruns, and unfavorable exchange rates began to take their toll on DMC's cash flow in late 1981. The company had estimated their break-even point to be between 10,000 and 12,000 units, but the limiting demand factors precipitated a falloff in sales to somewhere around 6,000. In response to the income shortfall De Lorean was experiencing, a restructuring plan was devised where a new "DeLorean Motors Holding Company" would be formed, which in turn would have become corporate parent to DeLorean Motor Company and each of its subsidiaries: DeLorean Motor Cars Limited (manufacturer), DeLorean Motor Cars of America (distributor in the U.S.) and DeLorean Research Partnership (a research and development company). In January 1982, due to SEC questions about the company's viability, the company was forced to cancel the stock issue for the holding company that DeLorean had hoped would raise about $27 million.

John De Lorean then lobbied the British government for aid, but was refused unless he was able to find a matching amount from other investors. What followed is a matter of debate between the British government, the FBI, the DEA, De Lorean, his investors, and the US court system. At some point in 1982, John De Lorean became the target of an FBI sting operation designed to arrest drug trafficking criminals. He was arrested in October 1982 and charged with conspiring to smuggle $24 million worth of cocaine into the US. The key element of evidence for the prosecution was a videotape showing DeLorean discussing the drugs deal with undercover FBI agents Benedict (Ben) Tisa and West, although De Lorean's attorney Howard Weitzman successfully demonstrated to the court that he was coerced into participation in the deal by the agents who initially approached him as legitimate investors. He was acquitted of all charges, but his reputation was forever tarnished. After his trial and subsequent acquittal, De Lorean quipped, "Would you buy a used car from me?" The Federal Bureau of Investigation (FBI) is a federal criminal investigative, intelligence agency, and the primary investigative arm of the United States Department of Justice (DOJ). ... The DEAs enforcement activities may take agents anywhere from distant countries to suburban U.S. homes. ...

In the end, sufficient funds were never raised to keep the company alive. The De Lorean Motor Company went bust in 1982, taking with it 2,500 jobs and over $100 million in investments. The British government attempted to revive some usable remnants of the manufacturing facility without success, and the Dunmurry factory was closed. De Lorean himself retired in New Jersey, and the dream with which he had mesmerised Britain's Labour government, of industry rising out of the ashes of Northern Ireland's sectarian conflict, was shattered. He claimed that the DMCL was deliberately closed for political reasons, and at the time of closing was a solidly viable company with millions of dollars in the bank and two years of dealer orders on the books. This article is about the U.S. state. ... Northern Ireland (Irish: , Ulster Scots: Norlin Airlann) is a constituent country of the United Kingdom lying in the northeast of the island of Ireland, covering 5,459 square miles (14,139 km², about a sixth of the islands total area). ... For other uses, see Troubles (disambiguation) and Trouble. ...

Approximately 9,000 cars were made between January 1981 and December 1982, although actual production figures are unclear and estimates differ. Some of the cars manufactured in 1982, but not shipped to the states (as the US arm of the DeLorean Motor Company had no money to 'buy' the cars from the factory in Northern Ireland), with 15XXX and 16XXX Vehicle Identification Numbers are actually 1982 models that were given later, 1983, VIN's by Consolidated International (now known as Big Lots), a company that had a buyback program with DMC and had bought out the remaining unsold cars and also the inventory of unused parts left in the factory after the bankruptcy. 1981 is a common year starting on Thursday of the Gregorian calendar. ... 1982 (MCMLXXXII) is a common year starting on Friday of the Gregorian calendar. ... Big Lots, Inc. ...

The vehicle has also garnered worldwide attention and celluloid fame as the basis for the time machine in 1985 in the Back to the Future trilogy. This article is about the year. ... The Back to the Future trilogy is a science fiction film trilogy written by Bob Gale and Robert Zemeckis, directed by Zemeckis and distributed by Universal Pictures. ...

Today

A very large number of the original cars are still on the road after over 25 years; most estimates put it at 6,500 cars surviving out of just over 9,000 built. There is a very active enthusiast community around the cars, with strong owners' clubs. A number of commercial enterprises set up after the demise of the De Lorean Motor Company to provide parts and service, and most of those are still in existence. In particular, DeLorean Motor Company of Texas ^[3] (entirely new ownership which acquired the original company's name and logo, as the trademark registration for them had lapsed) now owns the large remaining original parts stock from the factory, US stock and original suppliers.

Many aftermarket improvements have been offered over time to address some of the flaws in the original production cars, and to improve performance. A common opinion of the car is that in stock form it is somewhat underpowered, and a variety of solutions have been implemented, from complete engine swaps (either to a larger PRV engine, or to completely different engines such as the Cadillac Northstar engine), turbocharger kits (single or twin-turbo), down to simpler solutions such as improved exhausts and other normal engine tuning work. Northstar is Cadillacs name for its DOHC V8 engine. ... Air foil bearing-supported turbocharger cutaway made by Mohawk Innovative Technology Inc. ... Engine tuning or engine building is the adjustment, modification or design of internal combustion engines to yield optimal performance, either in terms of power output or economy. ...

As of 2006, one can buy DeLoreans built from the ground up using a combination of new, original and reproduction parts for US$42,500, while unrestored but good condition vehicles run from about US$20,000 upwards. 2006 is a common year starting on Sunday of the Gregorian calendar. ...

Despite being cleared of all drug trafficking charges, DeLorean still had to battle many legal cases (stemming from the company's bankruptcy) well into the 90's. He personally declared bankruptcy in September 1999 and was evicted from his 434-acre estate in New Jersey in March of 2000. He passed away on March 19th 2005 of stroke complications. He was 80 years old.

In August 2007, it emerged that due to demand for the DeLorean DMC-12, it could go back into production. ^[4] Businessman Stephen Wynn, has purchased all the remaining parts for the car, and plans to rebuild them in Houston.^[5] Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... The De Lorean DMC-12 was a sports car made by the De Lorean Motor Company from 1981 to 1983. ... Houston redirects here. ...

Delorean, DeLorean, or De Lorean?

De Lorean is more often seen spelled without the space: DeLorean. However, typewritten company documents universally use the space, so this is clearly the company's chosen (and correct) form. In typeset documents, a half space, not a full space, appears between the two portions, and the same is visible in more stylistic representations, as on the automobiles themselves. This use of a half space probably influenced many people to see no space there.

The company's founder originally spelled his name as John Delorean. At some point in his life he began using the more Dutch-looking De Lorean instead. During the period the DeLorean Motor Company was operating, he used a space exclusively when spelling his name in the course of business.

The spelling of the name with an intercap L is a form of compromise between the two forms. Some people capitalize the L and leave the D uncapitalized, spelling the name 'deLorean' and some even add the space while leaving the D uncapitalized to form the name as 'de Lorean', following French usage. This article does not cite any references or sources. ...

See also

• List of notable business failures
• Logan Machine Company, the snowcat company owned by John De Lorean
• Thiokol sold De Lorean its snowcat division in 1978

The following is a list of notable business failures, known either for marking the end of a well-known brand, for criminal proceedings associated with their demise (often fraud or other corporate crime), or for causing significant financial problems (or suffering from them). ... LMC is both the tradename (brand name) and an abbreviation for Logan Machine Company - a US manufacturer of snowcats that ceased operation in 2000. ... A Trident C-4 FBM launches and fires its Thiokol solid rocket first stage Thiokol (variously Thiokol Chemical Company, Morton-Thiokol Inc. ...

References

1. ^ http://www.home.no/delorean/dmcltd.htm
2. ^ http://www.babbtechnology.com/thecar/misc.htm
3. ^ http://www.delorean.com/
4. ^ http://news.bbc.co.uk/1/hi/northern_ireland/6925533.stm BBC News
5. ^ "DeLorean cars to be reborn", Belfast Telegraph, 2007-08-21, p. 4. 

The Belfast Telegraph is a daily evening newspaper published in Belfast, Northern Ireland by Independent News and Media. ...

Further reading

• John Z. De Lorean, Ted Schwarz, Delorean, Zondervan (September, 1985), ISBN 0-310-37940-7
• Ivan Fallon, James Srodes, Dream Maker: The Rise and Fall of John Z Delorean (November, 1985), ISBN 0-399-12821-2
• William Haddad, Hard Driving : My Years with John DeLorean (August 12, 1985), ISBN 0-394-53410-7
• J Lamm, DeLorean Stainless Steel Illusion, 2nd edition (2003), ISBN 0-9744141-0-7
• R. M. Clarke, Delorean 1977-1995 Gold Portfolio (December 28, 1995), ISBN 1-85520-331-6

is the 224th day of the year (225th in leap years) in the Gregorian calendar. ... This article is about the year. ... is the 362nd day of the year (363rd in leap years) in the Gregorian calendar. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ...

External links

• DeLorean Motor Company
• DeLorean Midwest Connection Club
• DeLorean Donation Site
• DeloreanWeb Delorean Fan Site.
• Delorean Mid-Atlantic Club DeLorean Mid-Atlantic Club was founded in 1992 and is the largest and oldest Delorean owner and enthusiast based club on the Mid-Atlantic east coast area. DMA club has active members from CT, NY, NJ, PA, MD, DC, VA and other surrounding areas (including several members worldwide). The club hosts four major events per year that generate large member in-person participation.
• The DeLorean Owners Association The largest international DeLorean group.
• The Quintessential DeLorean Website The ultimate source for all things DeLorean
• Open Directory Project: DeLorean
• DeLorean Frequently Asked Questions
• DMC News: The DeLorean Mailing List
• Tamir's DeLorean Site An excellent website managed by a DeLorean owner, in existence since 1999
• DeLorean Motor Company is unaffiliated with the original DeLorean Motor Company.
• delorean.co.uk The DeLorean resource for the UK, including service and parts.
• History of DeLorean Motor Company (DMC) gives a very detailed history of the company.
• DMC80 brochure
• Satellite image of factory (Belfast)
• BTTF.com Back to the Future