Initiated in 1974 as an "ethical sports car," the 1981-1982 DeLorean “DMC-12” was designed by Bill Collins, another one-time Pontiac engineer. Lotus of England eventually reworked the entire concept, which emerged as a $25,000 rear-engine two-seat coupe with gullwing doors, steel X-member backbone chassis à la Lotus, all-independent suspension, and fiberglass inner body with stainless-steel outer panels.
The coup de grâce was DeLorean's 1982 indictment on drug charges. He was later cleared of allegations that he bilked some of his investors, including the British government, which had bankrolled the plant. DeLorean Motor Company went bankrupt in late 1982, forcing some 1200 late-production cars to be sold at some $6,000 off list by a Columbus, Ohio, liquidator. A planned sedan and turbo conversion were left stillborn. still has to be the coolest car ever.
-AL
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