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  • to drive a DeLorean it's a completely different experience

  • from the moment you sink into it and opening of a Gullwing door

  • I was a teenager about the time that the delorean came out back in 1981

  • and it just was so different than anything else out there as there's

  • always a story to be told about Deloreans

  • john delorean started his career as an engineer with General Motors

  • from that point he rose very quickly through GM to be the

  • youngest vice president and by the early seventies he was in charge

  • Chevrolet I think john delorean felt hamstrung

  • a bit within the constraints General Motors he wanted to build a car

  • was way he thought they should be built and that would last beyond

  • the regular model cycle of cars lasting two or three years

  • and then lost in a way. john knew the in order to have his car stand out in the

  • marketplace

  • it needed to be different stainless provided a unique solution to that

  • by obviously not rusting and it also solved the problem with having to put

  • very expensive paint facilities in a factory

  • gullwing doors had only been used on a couple other cars prior to that. John

  • intended for the car to be an extremely safe car and

  • after working with the car as long as we have here about thirty years yeah, that

  • is the case. you know they got quite a lot right

  • the first go around

  • the first prototypes were completed 76 77

  • while they're looking for a place to build a factory there very quickly

  • discovered as soon as they mentioned they were gonna at about 2000 to 2500

  • jobs

  • lots of governments came to them saying we'd like you to build a factory here

  • so John began to shop for the best financial deal cuz he knew that would

  • take a lot of money

  • but then the northern ireland development agency came through in 1978

  • they started with a Greenfield plant of about ninety acres. They're able to build

  • a factory, design a car, hire people, train people and start production in a span of about

  • about twenty eight months which is a record that probably still stands today

  • thirty years later

  • the first cars were built and they started shipped to dealers in the summer

  • of 1981.

  • the auto industry was in a slump nobody knew what was gonna happen and bomb

  • out comes this car that look like nothing else before. Stainless body

  • gullwing doors that was a spaceship on wheels. The press was abuzz.

  • Initial public response was fantastic. Everybody was going nuts for it it was a

  • show-stopping

  • pull up and there would be crowds around them. There were some reports of people

  • paying more than ten thousand dollars over sticker price. Everybody would

  • be clamoring to see one and touch one which is still the same now everybody

  • has to touch a Delorean you know

  • Trouble for the company first really started in late 1981.

  • In order to improve the stock offering that was planned they needed to be

  • building a certain number of cars and have a certain number people employed

  • John to gamble and ordered production of the car doubled.

  • As far as the economy was concerned interest rates were extremely high.

  • And we got hit with the worst winter in about 30 years so car sales

  • pretty much dropped almost to nothing. So

  • it was extremely difficult to sell anything let alone

  • an expensive sports car. In fact we kept going building these cars hoping that

  • the market would turn around

  • in time by early 82 it was clear that wasn't gonna happen

  • John lost control in the factory in May 1982. He needed to come up with a

  • a certain amount of money to regain control the factory.

  • About this time he was approached by one of his neighbours

  • and he told John that he could help him get any kind of money he needed.

  • In the summer of 82 when John realized you know that this was some kind of a

  • drug deal

  • he tried to back out. According to his testimony his family was threatened they

  • threatened to cut off his daughter's head and send it home in a shopping bag

  • he didn't feel he had any option except to continue to go along with the deal.

  • Turns out that this was a sting operation.

  • The DEA at that period wanted to the big bust wanted to make

  • a name for themselves. In late October of 82 he was arrested.

  • By the time John Delorean went to trial in 1984

  • company was gone and filed for bankruptcy the factory

  • contents have been sold or auctioned off.

  • The DEA actually set him up and it was entrapment, truth be known as he never

  • went to jail he was completely acquitted of all the drug charges.

  • When the factory closed in late 1982

  • there was literally millions of parts to build cars still in the factory

  • and is that inventory that which we now have in our facility here. We have a

  • 40,000 square-foot facility full of literally millions

  • new old stock brand new 30-year-old Delorean parts

  • Out of the 2800 or so different parts it takes to make up a DeLorean we've got

  • better than 98 percent parts availability.

  • One of the other things that we acquired with this inventory of parts was a

  • complete set of engineering drawings

  • and all the engineering record for the parts on the car so as we run out of

  • stuff

  • we have a network of suppliers and manufacturers all around the world

  • who we work with to have some of these parts reproduced.

  • You can't talk about Delorean cars without talking about Back to the Future.

  • In the earliest versions of the script they had intended to use

  • a refrigerator as the time machine and quickly realized you know that they

  • didn't want kids climbing into refrigerators cuz back in the day they

  • had doors

  • couldn't open from the inside and they decided it would be easier to use some

  • kind of an automobile.

  • Since the company went out of business it's been the

  • greatest thing to happen to the DeLorean car. Guaranteed

  • some place in the world right now one of those movies is on TV someplace so

  • someone new is being exposed to the DeLorean car for the first time.

  • John left a legacy in the form of

  • 9000 or so cars that bear his name. I think one of the reasons the Delorean remains

  • sort of timeless because the delorean never went through that

  • evolutionary process because that didn't

  • happen Delorean is essentially frozen in time. You know and as

  • decades ago there are always certain things that stick out

  • and Delorean is definitely you know an iconic part of the eighties.

  • Had Delorean had survived

  • that period in time and continued

  • there would be a big 4 now there wouldn't be a big three. Delorean

  • himself he made Delorean

  • and he also took it down.

  • As the story goes apparently on the day that he was actually arrested

  • they actually had an investment bank lined up so they'd actually arranged for

  • the resurrection of the company

  • and all he had to do was sign the document and they were looking for him

  • all day they couldn't find him and then the next thing they had that he was on

  • the six o'clock news is

  • have been arrested in Los Angeles Airport and and that was the end of it

  • the financing went away

  • you know they just had that one last chance and it didn't happen

to drive a DeLorean it's a completely different experience

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