[DML] DMC in the news

["Piszar" <piszar@xxxxxxxxxxxxx>]

Talk about DMC in the news.  Here is a commentary that was just 
posted in the Automotive News, the major auto industry source.

Sandor
# 3002


EDWARD LAPHAM

Back to the future for the DeLorean
Edward Lapham 
Automotive News
July 24, 2007 - 4:06 pm 
  

 
 
It's never too soon to start preparing for important events.

So get ready: Oct. 19 will be the 25th anniversary of John DeLorean's 
arrest on federal drug-trafficking charges in Los Angeles. 

A week later, with DeLorean still in the federal lockup on Terminal 
Island, the DeLorean Motor Co. collapsed into Chapter 11 bankruptcy, 
from which it never emerged.

It was jarring to see DeLorean on TV news reports wearing manacles 
and leg irons.

DeLorean was acquitted of the drug charges in Los Angeles and later 
acquitted of federal fraud charges in Detroit. But his career as an 
independent automaker was over, even though he tried for years to 
find private equity capital for a new enterprise.

But his failure didn't kill the DeLorean sports car project. 

In one of the stranger twists of an already bizarre saga, a quarter 
century after DeLorean's career hit the fan, the remnants of his 
stainless steel dream have been stitched into a viable business. 
After the bankruptcy, DeLorean Motor Co. (Texas) bought the inventory 
of leftover parts as well as rights to DeLorean names and trademarks.

You can probably thank -- or blame -- movie producer Steven Spielberg 
that there is any value left. Spielberg's Back to the Future trilogy 
starring Michael J. Fox and Christopher Lloyd kept the name alive, if 
not the dream. 

Located in Houston, DMC (Texas), www.delorean.com, sells parts and 
accessories; services, restores and even remanufactures vehicles; and 
is a lightning rod for DeLorean enthusiasts, with occasional events 
for owners.

But here's the shocker: Vice President James Espey tells me the 
company plans to put the DeLorean back into production early next 
year.

Espey says the company will build cars after it has completed a 
backlog of restorations, probably by March or April.

It's feasible because the company has a stockpile of original parts 
and components -- including engines and most stainless steel sheet 
metal -- and has found suppliers for what it lacks. The new cars will 
be built as one-off kit cars, avoiding the regulatory rigors of 
serial production.

If the Texas company pulls it off, it just might be time for Back to 
the Future IV. 




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