What Happened to the DeLorean Car?
If you have watched "Back to the Future," then you already know about the DeLorean DMC 12. The car was first produced in 1981. Contrary to the Marty McFly gasp “It’s a DeLorean” which gives the impression that the car was a big deal in its time, the story of the DeLorean is a short and sad one.
Before appearing on "Back to the Future," the DeLorean was a little-known car manufactured by a company that got in financial trouble.
The DeLorean was the brainchild of John Z. DeLorean who was an executive at General Motors but decided to go out on his own and started DMC (DeLorean Motor Company).
The first DeLorean was the DMC-12 was produced on January 21, 1981. The car was designed for the luxury market and was available in steel and gold-plated versions.
Unlike most cars at the time, the DeLorean was shaped like a flying wedge and was described by Time Magazine as appearing to exceed 55m.p.h while standing still. The upward tilting gull-wing doors were also a stand-out feature of the car which pushed at least seven people to make a down payment for the gold-plated DeLorean.
While 9,000 DeLoreans were produced, the car failed to sell. The DMC was closed in October 1982, and the John DeLorean was arrested on charges of selling drugs to save his company.
He would be found innocent but would find himself back in court in 1985 on charges of how he handled company money and was acquitted of the charges in 1986. Unfortunately, the DeLorean would never be produced again.
As of 2007, it was believed that there were up to 6,500 DeLorean Motor Company DMC-12s in existence and it is still possible to own one though at a slightly higher price. However, the first DeLorean ever produced is in a collection at the Western Reserve Historical Society in Cleveland.