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#1 (permalink) |
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News Contributor
Join Date: Nov 2004
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Former GM Exec John DeLorean Dies
Source: Associated Press
-------------------------------------------------------------------- Car Developer John DeLorean Dies at 80 Sunday March 20, 1:15 pm ET By Jeffrey Gold, Associated Press Writer Former General Motors Executive and Developer of Futuristic Sports Car John DeLorean Dies at 80 NEWARK, N.J. (AP) -- John Z. DeLorean, the innovative automaker who left a promising career in Detroit to develop the stainless steel-skinned, gull-winged sports car bearing his name and was acquitted of charges he planned to sell $24 million worth of cocaine to support the venture, has died at the age of 80. DeLorean died Saturday at Overlook Hospital in Summit, N.J., of complications from a recent stroke, said Paul Connell, an owner of A.J. Desmond & Sons Funeral Directors in Royal Oak, Mich., which was handling arrangements. DeLorean, whose namesake car was turned into a time machine in the "Back to the Future" movies, was among just a handful of U.S. entrepreneurs who dared start a car company in the last 75 years. DeLorean "broke the mold" of staid Midwestern auto executives by pushing General Motors Corp. to offer smaller models, auto historians said. While at GM, he created what some consider the first "muscle car" in 1964 by cramming a V-8 engine into a Pontiac Tempest and calling it the GTO. Although he was a rising if unconventional executive at GM, and was believed by many to be destined for its presidency, he quit in 1973 to launch the DeLorean Motor Car Co. in Northern Ireland. Eight years later, the DeLorean DMC-12 hit the streets with its unpainted stainless steel skin and gull-wing doors. Its angular design earned it a cult following, and the car was a time-traveling vehicle for Michael J. Fox in the "Back to the Future" films of the late 1980s. However, the factory produced only about 8,900 cars in three years, estimated John Truscott, membership director of the DeLorean Owners Association. DeLorean's company collapsed in 1983, a year after he was arrested in Los Angeles, accused in a sting of conspiring to sell $24 million of cocaine to salvage the company. DeLorean used an entrapment defense to win acquittal on the drug charges in 1984, despite a surveillance videotape in which he was shown calling a suitcase full of cocaine "good as gold." He was later cleared of defrauding his investors, but continuing legal entanglements kept him on the sidelines of the automotive world. He declared bankruptcy in 1999. |
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#2 (permalink) |
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News Contributor
Join Date: Nov 2004
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Re: Former GM Exec John DeLorean Dies
Who knows where GM would be today if Mr. DeLorean had stayed...
An amazing life - an amazing man. Last edited by Perian : 03-20-2005 at 01:43 PM. |
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#3 (permalink) |
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Administrator
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Re: Former GM Exec John DeLorean Dies
Back to the Future would not have been the same without him.
A whole bunch of cars just went up in value. RIP.
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#5 (permalink) |
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7.0 Liter LS7 V8
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Re: Former GM Exec John DeLorean Dies
****************, this sucks.
My condolences to his friends and family. He will be missed my many, and remembered by more. ![]() ![]() ![]()
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#7 (permalink) |
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3.8 Liter Supercharged V6
Join Date: Nov 2004
Location: Battle Creek, Michigan
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Re: Former GM Exec John DeLorean Dies
He was comited to his company.Willing to break the law to save it.Maby Lutz and Wagoner need to start selling crack at a lemonade stand thing with a sign that says crack $20 a kilo.Please buy we need to save our company.The next night in jail wagoner says to Lutz."She shure didnt look like a cop to me"
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#8 (permalink) | |
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News Contributor
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Re: Former GM Exec John DeLorean Dies
Quote:
"Buy an Escalade, get a kilo" might be more of an incentive these days than 0% financing for 60 months... |
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#9 (permalink) |
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3.9 Liter V6
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Re: Former GM Exec John DeLorean Dies
Actually from their recent decisions, I'd say they need to lay off the crack.
Sorry to see another of the golden-age execs pass on into history. Loved the bit about him slipping 5,000 GTOs out the door without GM approval, that took balls. Shame the DMC-12 ended up the way it did. |
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#10 (permalink) | |
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5.3 Liter Vortec V8
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Re: Former GM Exec John DeLorean Dies
Quote:
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#11 (permalink) |
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7.0 Liter LS7 V8
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Re: Former GM Exec John DeLorean Dies
R.I.P. you great man.
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#12 (permalink) |
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3.5 Liter V6
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Re: Former GM Exec John DeLorean Dies
The 'sting operation' was total entrapment.
The auto industry has lost a pioneer and a legend, he always had his eye on the future with the cars he helped develop, masterminded- no- invented the factory MuscleCar and it is a darn shame of what he tried to bring to the auto industry and what everyone tried to do to keep him down. His visions for his own car is a joke compared to what Red Tape turned it into. Thanks for the cars! RIP
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#14 (permalink) |
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6.2 Liter Vortec V8
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Re: Former GM Exec John DeLorean Dies
My deepest sympathies to family and friends. May he rest in peace.
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#15 (permalink) |
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5.3 Liter LS4 V8
Join Date: May 2003
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Rest in peace John. This was the era when GM had people that new what the hell cars were all about. Ricky Waggyboy and the rest of the current GM suit punks could not shine this guys shoes.
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