[DML] Re: History Channel Documentory
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[DML] Re: History Channel Documentory



I disagree with you Claude, on your thoughts about the British Government. In fact, the British Government knew how the money was spent since they had people at the board. Also, the GPD scandal has often been blamed on Chapman/DeLorean. But what other fails to realize is that this deal was APPROVED by the British Government, that is, the Bank of England. Most of the money had to be approved by the Government prior to being used on anything.

The problem was really that the Government changed, from Labour to Conservatives, and the Conservatives would fullfill the previous Governments deal with the DeLorean. Funds and export guarantee were cut off, and the company folded. The biggest blunder however was that is cost the British taxpayer a lot more to close the factory that it would have cost to keep the company alive...

Political skirmish? Yes!


Best wishes Stian Birkeland NORWAY


<< They could have chosen the Edsel as the subject for the
show, but decided that the DeLorean was a bigger blunder. Perhaps the reason
for this choice was that they planned to blame the British government for the
DeLorean blunder, making it more worthy of a documentary. >>


If there was someone to blame for a "Blunder" it was the man himself (JZD)not
the British Goverment,ok maybe a little blame on the British Government for
not keeping closer tabs on how the money was spent,but JZD was a General
Motors man,and the only thing he knew real good was about making high volume
cars,he was trying to run DMC as if it was one of the divisions of General
Motors,in other words some
body else pays all the bills(British Gov.),no matter what the cost,hence the
oversize factory,the Park Ave offices(New York)the overruns in expenses, the
over production
of cars ect.By the time he realized his "Blunders" it was to late,the British
Goverment
stopped the supply of cash,unless he could match the next Twenty million the
British Goverment was willing to give him,then we all know what happen in
L.A. after that.


Claude
000570

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