Donut Media put out another clip in their Everything You Need to Know | Up to ...
Donut Media put out another clip in their Everything You Need to Know | Up to Speed series, and this time about the DeLorean DMC-12.
The history of a DMC-12 and the DeLorean company is so crazy Donut Media’s James Pumphrey perfectly sums it up as ….you would think Martin Scorsese made it up.
DeLorean Motor Company was created by the John DeLorean. John DeLorean was the automotive rockstar back in the day.
He worked for Chrysler in college, and worked at Packard Motors, worked as the engineer at American Motor Company, ended up where he was most known before creating his own vehicles General Motors.
John DeLorean is credited with creating a Pontiac GTO and Pontiac Firebird. He also was credited with creating a Chevrolet Vega. With all this success he eventually rose to become a youngest Vice President in GM history.
In 1973, John DeLorean created DeLorean Motor Company, by 1976 the company had created the mid-engined prototype to excite investors.
Apparently, John put in none of his personal funds to the venture, and owned over 80% of the common stock of this company in return for the car development work which he valued at $3,500,000.
Colin Chapman of Lotus was in charge of the chassis design and the body was designed by the Giorgetto Giugiaro and they came up with the stainless steel car with gull-wing doors.
The stainless steel panels connect to the fiberglass under body and the car was run by the Peugeot-Renault-Volvo 2.85 liter V6 engine which produced 130 horsepower.
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