[DML] Re: DCS 2008 + DeLorean Archive = The Fairy Tree

["lhj58w" <editor@xxxxxxxxxxxxxxx>]

--- In dmcnews@xxxxxxxxxxxxxxx, "David Teitelbaum" <jtrealty@...> wrote:
>He could have continued a little
> longer (and maybe that would have been enough?) if Thatcher and her
> government allowed the financing to continue.

Hi Dave,

The British government was actually doing as much as it could to
prevent the company from going under. A consortium led by one of the
DMCL directors was due to take over the factory but everything stopped
dead when JZD was arrested. The rest, of course, is history.

Whatever folks have to say about Margaret Thatcher, the receivers
themselves were keen to keep the restructured DMC (1982) Ltd. running
if it was at all economically viable.

In an attempt to launch the DMC-12 into new European markets as soon
as possible, the receivers even continued to fund homologation tests
for the European spec and UK right-hand drive DeLoreans. The
right-hand drive DeLorean was to make its debut at the British
International Motor Show in Birmingham, England in late October 1982
and a deal was definitely in place (and approved by the British
government) for a consortium to take over the running of the Dunmurry
plant. As I mentioned earlier, that all stopped dead in the water as
JZD's arrest was hitting the headlines.

Best wishes,

Phil Peters
VIN# 12173


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