This post is part of a series on some of the most memorable companies that have disappeared.
Don't we all remember the DeLorean Motor Company? To those that were market watchers or just fascinated auto industry types in the 1980s, you'll remember the DeLorean. Many of us remember the car used in the Back To The Future films, which was the trademark stainless steel DeLorean. The DeLorean Motor Company was formed in 1975 by auto executive John DeLorean, whose stainless steel, gull-wing door sports car model became the image for the entire company.
John DeLorean, who became the youngest executive ever at General Motors Corp. (NYSE: GM) before launching his own auto company, was known as a capable engineer and businessperson. The DMC-12 sports car, which was stainless steel and thus all looked alike (could not be painted) suffered from lack of actual demand, even with a huge amount of publicity. In 1982, the DeLorean Motor Company went into receivership and bankruptcy as a result, just seven short years after being formed. Some 2,500 jobs and over $100 million in various investments went down the drain when the DMC went out of business in 1982.
In 2007, businessman Stephen Wynne said that he had purchased many parts use to make the original DMC-12 car and would soon be making them again due to demand. The culture around the DeLorean DMC-12 has really never died away, and Wynne's interesting take on building more of them is testament to that. Even before Wynne's announcement, there were 6,500 of the original 9,000 original DMC-12 cars still estimated to be on the roads to this day -- a remarkable feat for a car now 25 years old.
Let us know in the comments what you miss about DeLorean. And be sure to check out other Companies That Have Vanished.











Reader Comments (Page 1 of 2)
6-06-2008 @ 7:20AM
bimfair said...
You can find many DeLoreans at the Jag Shop in Pompano Beach, FL.
6-07-2008 @ 9:45AM
demillicent said...
Delorean motors should never have been forced out of business by the Big Three and our Government. Delorean was desperate for funding and he was set up. It was a sad day when he was arrested. Many people lost jobs in England and elsewhere when he was put down by the FBI who were working for the Big Three. I'll bet his car was much better than those built by Ford, Chrysler and General Motors.
That car was beautiful. It's still a modern looking car. It was well before its time. Wish I had one.
http://www.galleryshops.biz/designerhandbags.htm
6-07-2008 @ 9:40PM
Mike said...
Great concept, poor exection, poor quality control, which was the norm back then from all major manufacturers, so I do give John an A for trying.
Warranties-For-Less.com
6-08-2008 @ 12:24AM
Sally said...
I don't know the full story of DeLorean and his company, his financial troubles and rumors of drugs, but growing up with an industrial designer father whose interest in auto design is still strong (alathough there is now so much similarity), we were all very much aware of and supportive of the DeLorean when it came out. Definitely ahead of his time, and hearing that such a large percentage of the original run are still around is great. I don't know whether makaing it now will work, but certainly aqpplaud the effort.
Another small company put out of business was Tucker Motors, "docudramaed", if I may coin a word, in the movie "Tucker". Though pre-WWII, it had such features as a headlight that tracked with the turn of the steering wheel to enable drivers to better see around corners.
Sally
6-08-2008 @ 1:46AM
Sally said...
I don't know the full story of DeLorean and his company, his financial troubles and rumors of drugs, but growing up with an industrial designer father whose interest in auto design is still strong (alathough there is now so much similarity), we were all very much aware of and supportive of the DeLorean when it came out. Definitely ahead of his time, and hearing that such a large percentage of the original run are still around is great. I don't know whether makaing it now will work, but certainly aqpplaud the effort.
Another small company put out of business was Tucker Motors, "docudramaed", if I may coin a word, in the movie "Tucker". Though pre-WWII, it had such features as a headlight that tracked with the turn of the steering wheel to enable drivers to better see around corners.
Sally
6-08-2008 @ 3:33PM
Leon Carr said...
The Delorean is a real sporty car. I have one in my garage (3000 miles) that I would like to display in an automobile museum so other people could enjoy seeing it. Anyone out there have a contact?
lcarr48146@aol.com
6-08-2008 @ 4:21PM
BCV said...
Someone bought DeLorean out and is making them again in Bonita Springs, FL. I drive by the location every week, and there are at least 6 to 10 out in the parking lot.
I think there is talk of moving the operation to Texas. But they were still there on Tuesday.
6-08-2008 @ 6:00PM
Raymond Pittam said...
Studebaker , Packard, Rambler and Nash, I wish they would bring them back. As founder of MT. SHASTA ORPHAN'S GROUP, We are bringing many of the old Orphan vehicles back on the road. If anyone is interested in our group, please E-mail me for more information. We need to keep American Automobile History and vehicles alive.
6-08-2008 @ 7:57PM
Dennis Beadle said...
I have a painted Delorean and it is red. I have seen a number of painted ones.
6-09-2008 @ 2:12PM
cheryl said...
Every two years there is a national DeLorean car show. This year it starts this Thursday, June 12 thru Sunday morning at the Eisenhower Inn in Gettysburg PA. For more info, go to www.deloreancarshow.com
6-10-2008 @ 1:16AM
Raymond Pittam said...
As the Founder of: MT. SHASTA ORPHANS, WE ARE KEEPING MANY OF THE OLD DISCONTINUED VEHICLES alive. We need to bring these old Historic vehicles back so the youth of tomorrow will know the beauty of what once was. If anyone is interested, please contact me and I will tell you our way of keeping them on the road, and still out to be enjoyed.
6-13-2008 @ 9:20AM
Tropxgirl said...
I LOVE THOSE CARS : P
6-13-2008 @ 1:18PM
SKIPPY said...
THE BIG MOTOR COMPANIES SET HIM UP WITH THE BIG DRUG BUST IN THE GARAGE OF THE CALIFORNIA HOTEL, THEY WERE AFRAID OF HIM,,,, SO THERE, THAT IS THE TRUTH,,, IWAS THERE...
6-14-2008 @ 11:27PM
Alexi said...
My father took the opportunity to buy the last DeLorean model from a retired couple that was moving overseas. He hesitated since he knew nothing about the care of a DeLorean. Since parts were still available and the price was too right to pass up, he took the chance. I fell in love with it. It has -5000 miles on it now, everything is original. I love the sleek styling... few cars carry that distinct appearance known everywhere. I began driving it to school. At the univ., there were always classmates sitting on it or taking photo's. It got too much attention in parking lots, anywhere it was. I take the car out now and then just to run it. One time, a car came up along side on the parkway. A woman was hanging out the window waving and holding a camera... I slowed down so that she could get a picture. I love the car, it's sharp, unique and totally in a class by itself. It's just not a car you can drive, park somewhere and walk away from. But I love my DeLorean. You just need to be extra careful where you park it in public areas... and not unattended.
6-14-2008 @ 11:41PM
Bob Clark said...
This comment is for Dennis Beadle, is your car bright red with black leather interior? I know that car if it is! The original dealer was Metro Volvo in Denver, Colorado, the interior was originaly tan leather, but one of the Gen. Mgr's got sick in it, stained the seats and we had to dye them black!
6-15-2008 @ 4:14AM
k williams said...
The car just did not sell. I test drove one not to long ago. They did not have power steering. Handeling was a problem. The electrics were British which had a lot of problems at the time. Being very cramped, it was for a very select market. Delorean died a broken man after being so successful in the auto industry. His wife left him after the drug bust. It was obvious he was involved in the sale of narcotics, and he was set up which negated a lot of prosecution. The big three auto co's did not cause his problems. He ran out of money on a ill fated auto designers dream. The British government backed him financially very heavily
6-15-2008 @ 5:15AM
ted johnson said...
Yea I have a good sorce to exhibit your Deloren
contact me at
Tedrockledge@aol.com
6-15-2008 @ 5:32AM
themacway said...
many of these WERE painted by dealers in the w. tx. area. i saw three - red, white and black - on the floor of the ford / volvo dealer in midland, tx. then. we were going to buy the black one, but it had already sold. it was the straightest body i've ever seen on a car.
6-16-2008 @ 9:24AM
Dave Zubas said...
We have a Delorean that we bought in 1981. It has 19,000 miles and is still in excellent condition. We take it to Delorean One in Chatsworth, CA for any kind of problems that we have with it. My wife loves it but I would consider selling it to someone who would take good care of it just to make room in our garage for another car or storage (in CA, space is at a premium). Delorean One will come pick up your car and bring it to their facility no matter where you live in the USA. They typically go through the car and will replace or fix any problems with original equipment parts. They do a good job.
6-16-2008 @ 10:54AM
apaint36 said...
How weird to see this post today. I just saw a Delorean yesterday for the first time in many years. This one was different. It was a shiny stainless which I have never seen. My brother was there and I asked him about it. (He was a mechanic for GM who was the one certified to work on Deloreans in our area.) He said it was an extra option to have the polished stainless, but most were not made that way.