Seems like DeLorean learnt a lot from his time @ GM lol ...
"John DeLorean, whom, in just a few years, he transformed from a geeky, clarinet-playing engineer into a hipster, a swinger and a con man so gifted that he scammed the prime minister of England."
... and DeLorean's "stunt" cost the British taxpayers 100's of milions of dollars and about 2500 Irish people their jobs .....
I am going to make a reply to some quotes that Jan offered, which are lies. This reply is very long, because I felt that the truth should be seen here. I am sure most of you would rather continue to slander the man for fun than allow him some dignity, but I have had enough of these lies about John Delorean. The only reason cocaine was used as a prop in the wrongful arrest of this man, was so that everyone would talk about it. This talk has gone on long enough. HIS NAME WAS CLEARED
IN FEDERAL COURT 25 YEARS AGO. The man is now dead of CANCER, has been dead for years and I WILL NOT allow his name to be slandered yet again. And I won’t have it on this forum. And if this gets me kicked off this forum, so be it. It will be worth it to tell the truth just once, because I can be sure no one else will tell the truth about this. Delorean's daughter is my age and she has had enough of this crap too. She should not have to listen to these lies repeated ad infinitum. About a man who made an incredible contribution to society. THIS FORUM WOULD NOT EXIST WITHOUT JOHN DELOREAN.
This is no reflection on Jan. He was only quoting what some other liar said. And he was only quoting lies that have become accepted as facts.
As far as Delorean costing Irish people their jobs, that is a lie. Without Delorean, they would not have had jobs. That factory brought peace to a region where the norm was war, unemployment and turmoil. Furthermore, if Delorean had been a con man, there would not be 8000 of his cars in the hands of happy owners. He would have simply taken the money and built no factory, provided no jobs, build no cars, etc.
If you look at Delorean's or Tucker's efforts to build cars, they were both thwarted by GM, by way of the us gov't who was acting as gm's agent. What was done to Delorean and Tucker was illegal. (both men had phony criminal charges levied against them by the gov't and its agencies. Charges which were later proved to be patently and completely false. Not only that, but the gov’t broke many laws themselves in the process of falsely charging the men).
It is easy to repeat quotes from partisan reporters and authors, and crooked british politicians who profit from slandering the man. If the british government had any backbone at all, they would have protected their investment by seeking the truth, instead of rolling over like a dog, and losing millions of dollars and thousands of jobs. Of course to seek the truth would have meant going against the US gov’t who was lying, fabricating evidence, and falsely charging a man just because GM asked them to. If that makes no sense to you, that is because you don’t know the situation. I will say it simply. GM did not want delorean succeeding as a competitor. GM had gov’t agents on the payroll. Those gov’t agents falsely charged Delorean criminally, ruining his reputation. Once the reputation was ruined, no one wanted to invest any more money into DMC. DMC needed more money invested because of unforeseen costs, which are common in new multinational business ventures. John Delorean already investors lined up to invest the needed capital, but was falsely arrested before he could collect the funds. Once he couldn’t get the additional funds, the company went into receivership, and eventually bankrupt. The british could still have easily saved it if they wanted to. But to save it would have helped Delorean, and that was not an option that GM could live with. And by extension, if GM can’t live with it, the US gov’t cant live with it. And if the US gov’t can’t live with it, the UK gov’t can’t either.
You can’t believe everything you hear on the TV. It is not all true. NEWSFLASH>>> The government is not your best buddy. It is in their best interest to lie to you. When something goes wrong, they like to use scapegoats, rather than implicate themselves and go to federal prison. If you believe everything they say, you are either ignorant, stupid, a chump, in their employ, or all of the above. I am sorry to say that but it is the truth. And if you believe me you are a chump too. You can independently verify everything I have said here. But I won’t have Delorean’s name slandered further without vigorously defending him. He was an incredible man. Without him there would be no Firebird. No TTA. He was a generous man. He had nothing to do with drugs or crime. He cared about people. Do you think there is any money to be made telling that story? NO NO NO. You will only make money if you report that this was a criminal genius that duped the poor helpless BRITISH GOVERNMENT. And the idiots who read it will believe every word of course. (the British gov’t does not give money to con men. And con men don’t build car factories and create jobs for poor disenfranchised citizens of that countries colony.)
The delorean company bankruptcy was totally the fault of the US gov’t and GM. If you think Delorean could not raise a little additional capital to keep a running company going, then how in hell do you think he built it up FROM NOTHING in the first place? I would dare any one of you to continue running a multinational business after being falsely arrested, falsely charged, defamed, and incarcerated by the government, only then to have to spend the next 10 years of your life proving in federal court that the government was the one committing the crimes and that you were totally innocent of any and all wrongdoing. The judges in those cases could hardly believe what lengths the federal government went to to make Delorean look like a criminal.
There were cost overruns at DMC, and additional money was needed. The only reason the british gov'ts investment went bad is because the crooked US fbi agents publicity stunt (about cocaine, which John had nothing to do with) caused enough damage to John's reputation to prevent John from getting further financing which would have solved the problems. He had investors with a check ready to deposit with him, and he was unable to make the meetings because of being arrested by the fbi. It was scheduled to be taken care of. But of course, once the press reported the cocaine scam, any chance of financing evaporated. It worked perfectly for gm.
About this cocaine scam: John had nothing to do with it whatsoever. That was a photo op for some crooked fbi agents. John never touched any cocaine. He did not need to. He was not an addict. On the contrary he was a health nut. and he did not need any money. Personally, he was very very wealthy. And the idea that he was starting a cocaine sales business to finance the company is ridiculous. It just shows how stupid people are to believe such a thing. The cocaine photo op was a scheme to discredit the man enough to make his company founder. Mr. Delorean later was aquitted of all charges in court, when it was found that the fbi had absolutely no evidence against him, and that the only ones who broke any laws was the fbi itself. Of course, it took 10-15 years for the court cases to finish. By then everything was sold off and the body dies were dumped into the river so that the company could never build those cars again, no matter what.
About the additional financing that was needed: You may not realize, but when building a new company, sometimes things happen that you don't anticipate. Sometimes things cost more than what was planned for.
Take, just as an example, the building of the world trade center which started in the late 1960’s. It was scheduled to cost $250 million, but as the construction went on, it turned out to cost more. Eventually, I think it was about 2,000 million. (a.k.a. $2 Billion.) 8 times the original estimate. 8 times the original approved cost. But, since the gov't was building these things, the additional money was just raised with bonds and tolls, and injected into the project.
With a private man like Delorean, he can't simply sell bonds or take tax money from people. he has to raise the money himself. And if a government like the UK wants to get in on some profits, they will invest too. And they would have had lots of profit. But, there was another player. We had GM, who hated John for the book he wrote about them, exposing their criminal and unethical dealings. And GM had a policy of not allowing outsiders to form successful car companies. In this case, gm let john do his thing because they thought he would not pull it off. His idea was too fantastic. (a car that could not rust, etc). But when it looked like his company was taking off, GM decided to put a stop to it. And they did.
Now, can you imagine if a little thing like additional financing could stop a government project? The world trade center would have been abandoned in the middle of construction. That would have made no sense. It would have been a huge waste. But then, GM was not trying to make an example out of someone.