1981-82 DeLorean illustrates Detroit’s failure to understand the rise of imports
(UPDATED FROM 9/23/2022) The easiest way to sum up the spectacular failure of the DeLorean Motor Company is to say that its founder was exceptionally unlucky. I am hard pressed to think of a worse time for John Z. DeLorean to have begun production of his DMC-12 sports car than in early 1981. That was in the depths of a U.S. recession partly fueled by sky-high interest rates. Might DeLorean’s car have had a [...]
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