[DML] Was the DeLorean really a GM concept?

[Robert Greenhaw <deloreandude@xxxx>]

 I have heard a disturbing rumor that our beloved DeLorean
DMC-12 was actually a concept of General Motors that John 
DeLorean created while still at GM in the late '60s, early '70s.
He then got caught designing this car behind GM's back,
resulting in his resigning in '74.
They considered the concept, but it was too costly to 
produce, so they ditched it.

Could anyone please clear this up, seeing as this sounds 
like hearsay, but I am still confused.

Much Thanks,
Robert
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