fvcc delorean bio-long - fallbrook vintage car club · john zachary delorean (january 6, 1925 –...

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John Zachary DeLorean (January 6, 1925 – March 19, 2005) was an American engineer and executive in the U.S. automobile industry, widely known for his maverick work at General Motors and as founder of the DeLorean Motor Company. DeLorean designed a number of vehicles throughout his career, including the Pontiac GTO muscle car, the Pontiac Firebird, Pontiac Grand Prix, Chevrolet Vega, and the DeLorean DMC-12 sports car, which was later featured in the 1985 film Back to the Future. While still the youngest division head in General Motors history, DeLorean broke away to start his own company, DeLorean Motor Company (DMC), in 1973. However, production delays meant DMC's first car and DeLorean's independent creative opus—the DMC-12—did not reach the consumer market until 1981 (8 years later), where a depressed buying market was compounded by unexpectedly lukewarm reviews from critics and the public. After a year, the DMC-12 had failed to recoup its $175 million in investment costs, unsold cars were accumulating and the company faced dire financial straits. The DeLorean DMC-12 (commonly referred to simply as "the DeLorean"), is a sports car manufactured by John DeLorean's DeLorean Motor Company for the American market from 1981–83. The car features gull-wing doors and an innovative fiberglass body structure with a steel backbone chassis, along with external brushed stainless steel body panels. The car became widely known and iconic for its appearance and was modified as a time machine in the Back to the Future media franchise. The first prototype appeared in October 1976. Production officially began in 1981 in Dunmurry, a suburb of southwest Belfast, Northern Ireland, where the first DMC-12 rolled off the production line on January 21. Over the course of production, several features of the car were changed, such as the hood style, wheels and interior. About 9,000 DMC-12s were made before production halted in early 1983. The DMC-12 was the only model produced by the company, which was later liquidated as the US car market went through its largest slump since the 1930s. In 2007, about 6,500 DeLorean Motor cars were believed still to exist. British entrepreneur Stephen Wynne, based in Texas, started a separate company in 1995 using the "DeLorean Motor Company" name and shortly thereafter acquired the trademark on the stylized "DMC" logo as well as the remaining parts inventory of the original DeLorean Motor Company. On January 27, 2016, the new DMC announced that it would build 300 DMC-12 cars in late 2016 and "new" DMC-12s in early 2017, each projected to cost just under $100,000. In October 1976, the first prototype DeLorean DMC-12 was completed by American automotive chief engineer William T. Collins, formerly chief engineer at Pontiac. Originally, the car was intended to have a centrally-mounted

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Page 1: FVCC DeLorean Bio-Long - Fallbrook Vintage Car Club · John Zachary DeLorean (January 6, 1925 – March 19, 2005) was an American engineer and executive in the U.S. automobile industry,

John Zachary DeLorean (January 6, 1925 – March 19, 2005) was an American engineer and executive in the U.S. automobile industry, widely known for his maverick work at General Motors and as founder of the DeLorean Motor Company. DeLorean designed a number of vehicles throughout his career, including the Pontiac GTO muscle car, the Pontiac Firebird, Pontiac Grand Prix, Chevrolet Vega, and the DeLorean DMC-12 sports car, which was later featured in the 1985 film Back to the Future. While still the youngest division head in General Motors history, DeLorean broke away to start his own company, DeLorean Motor Company (DMC), in 1973. However, production delays meant DMC's first car and DeLorean's independent creative opus—the DMC-12—did not reach the consumer market until 1981 (8 years later), where a depressed buying market was compounded by unexpectedly lukewarm reviews from critics and the public. After a year, the DMC-12 had failed to recoup its $175 million in investment costs, unsold cars were accumulating and the company faced dire financial straits. The DeLorean DMC-12 (commonly referred to simply as "the DeLorean"), is a sports car manufactured by John DeLorean's DeLorean Motor Company for the American market from 1981–83. The car features gull-wing doors and an innovative fiberglass body structure with a steel backbone chassis, along with external brushed stainless steel body panels. The car became widely known and iconic for its appearance and was modified as a time machine in the Back to the Future media franchise.

The first prototype appeared in October 1976. Production officially began in 1981 in Dunmurry, a suburb of southwest Belfast, Northern Ireland, where the first DMC-12 rolled off the production line on January 21. Over the course of production, several features of the car were changed, such as the hood style, wheels and interior. About 9,000 DMC-12s were made before production halted in early 1983. The DMC-12 was the only model produced by the company, which was later liquidated as the US car market went through its largest slump since the 1930s. In 2007, about 6,500 DeLorean Motor cars were believed still to exist.

British entrepreneur Stephen Wynne, based in Texas, started a separate company in 1995 using the "DeLorean Motor Company" name and shortly thereafter acquired the trademark on the stylized "DMC" logo as well as the remaining parts inventory of the original DeLorean Motor Company. On January 27, 2016, the new DMC announced that it would build 300 DMC-12 cars in late 2016 and "new" DMC-12s in early 2017, each projected to cost just under $100,000. In October 1976, the first prototype DeLorean DMC-12 was completed by American automotive chief engineer William T. Collins, formerly chief engineer at Pontiac. Originally, the car was intended to have a centrally-mounted

Page 2: FVCC DeLorean Bio-Long - Fallbrook Vintage Car Club · John Zachary DeLorean (January 6, 1925 – March 19, 2005) was an American engineer and executive in the U.S. automobile industry,

Wankel rotary engine. The engine selection was reconsidered when Comotor production ended, and the favored engine became Ford's "Cologne V6." Eventually, the French/Swedish PRV (Peugeot-Renault-Volvo) fuel injected V6 was selected. Also the engine location moved from the mid-engined location in the prototype to a rear-engined installation in the production car. These and other changes to the original concept led to considerable schedule pressures. The entire car was deemed to require almost complete re-engineering, which was turned over to engineer Colin Chapman, founder and owner of Lotus Cars. Chapman replaced most of the unproven material and manufacturing techniques with those then employed by Lotus, like the steel backbone chassis. DeLorean required $175 million to develop and build the motor company. Convincing Hollywood celebrities such as Johnny Carson and Sammy Davis, Jr. to invest in the firm, DeLorean eventually built the DMC-12 in a factory in Dunmurry, Northern Ireland, a neighborhood a few miles from Belfast city center. The company had originally intended to build the factory in Puerto Rico but changed its plans when the Northern Ireland Development Agency offered £100 million towards it, despite an assessment by consultants hired by the NIDA that the business had only a 1-in-10 chance of success. Construction on the factory began in October 1978, and although production of the DMC-12 was scheduled to start in 1979, engineering problems and budget overruns delayed production until early 1981. By that time, the unemployment rate was high in Northern Ireland and local residents lined up to apply for jobs at the factory. The workers were largely inexperienced, but were paid premium wages and supplied with the best equipment available. Most quality issues were solved by 1982 and the cars were sold from dealers with a one-year, 12,000-mile warranty and an available five-year, 50,000-mile service contract. The DeLorean Motor Company went bankrupt in late 1982 following John DeLorean's arrest in October of that year on drug trafficking charges. He was later found not guilty, but it was too late for the DMC-12 to remain in production. Approximately 100 partially assembled DMCs on the production line were completed by Consolidated International (now known as Big Lots). The remaining parts from the factory stock, the parts from the US Warranty Parts Center, as well as parts from the original suppliers that had not yet been delivered to the factory were all shipped to Columbus, Ohio in 1983–1984. A company called KAPAC sold these parts to retail and wholesale customers via mail order. In 1997, DeLorean Motor Company of Texas acquired this inventory. There had also been a long-standing rumor that the body stamping dies were dumped into the ocean to prevent later manufacture. Evidence later emerged that the dies were used as anchors for nets at a fish farm in Ards Bay, Connemara, Ireland. About 9,200 DMC-12s were produced between January 1981 and December 1982. Almost a fifth of these were produced in October 1981. About a thousand 1982 models were produced between February and May 1982, and all of these cars had the VINs changed after purchase by Consolidated to make them appear as 1983 models. Genuine 1983 models were assembled beginning in August of 1982.