Hero or Villain? (Part Three)

We conclude our account of the life and career of John Zachary DeLorean.

DeLorean and his ruination (c) cnet.com

The DeLorean Motor Company was, from January 1982, under the control of the receivers. Their job, in the first instance, is to see if a buyer can be found for the company. If none is forthcoming, they are required to dispose of the company’s assets in an orderly manner and raise as much money as possible to repay creditors in order of seniority, either fully or, more usually, in part (cents on the dollar). There is rarely anything left over for shareholders after this is done.

DeLorean’s biggest asset was its large inventory of unsold cars, which was increasing as production continued into the spring of 1982. Deep discounts offered on 1981 stock and exhortations to dealers to buy inventory failed meaningfully to improve the situation, and production at Dunmurry was halted in May 1982.

DMC filed for bankruptcy in October, although a skeleton staff completed around 100 partially built cars before the year end. Consolidated International, a US company based in Columbus, Ohio, acquired the remaining stock from the liquidators at a deep discount and attempted to Continue reading “Hero or Villain? (Part Three)”

Micropost: Syd Mead’s 1977 Artwork for Yokohama

DTW has considered the work of Fitz and Van. Now it’s time to compare it to Syd Mead’s artwork.

1977 Yokohama advert by Syd Mead: Motor Trend, May 1977.
1977 Yokohama advert by Syd Mead: Motor Trend, May 1977.

Whereas Fitz and Van tended to offer a rosy picture of today, Syd Mead looked forward. In this image we are invited to imagine that the pilot of the advanced military (?) plane in the background has driven in a very futuristic sports car to get to work. It’s the future so he is wearing a silvery jump suit. Continue reading “Micropost: Syd Mead’s 1977 Artwork for Yokohama”