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Thursday, September 18, 2008

John DeLorean


John Zachary DeLorean (January 61925 – March 192005) was an American engineer and executive in the U.S. automobile industry, and founder of the DeLorean Motor Company.

He was most well known for developing the Pontiac GTO muscle car, the DeLorean DMC-12 sports car, which was later featured in the movie Back to the Future, and his high profile 1982 arrest on charges of drug trafficking, in an apparent attempt to raise funds for his struggling company, which declared bankruptcy that same year. He successfully defended himself against these charges, showing that his alleged involvement was a result of entrapment by federal agents. 

DeLorean accepted a $16,000 salary offer with a bonus program, choosing to work at GM's Pontiac division as an assistant to chief engineer.  He was no longer a professional engineer. At the age of 40, he had broken the record for youngest division head at GM, and was determined to continue his string of successes. 

DeLorean left General Motors (GM) to form his own company, the De Lorean Motor Company (DMC).

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