The Rise and Fall of John DeLorean: A Visionary Car Maker and Con Man

TLDR John DeLorean, a celebrity car maker, revolutionized the American car industry with his innovative designs, but his downfall came when he became entangled in a drug scheme and was subsequently entrapped by the FBI. Despite being acquitted, his reputation and finances were ruined, leaving behind a legacy of both success and scandal.

Timestamped Summary

00:00 John DeLorean was a celebrity car maker who was both a visionary and a con man, and his rise and downfall prefigured the worship of tech gods like Elon Musk and Mark Zuckerberg.
05:28 John DeLorean was a highly skilled engineer who made a name for himself at GM before starting his own car company, and he wanted to create a valuable and reliable car with the DMC-12, but ultimately got in his own way.
10:52 John DeLorean revolutionized the American car industry by creating the first muscle car, the GTO, and marketing it towards young people.
16:32 John DeLorean became a celebrity executive at GM, transforming himself into a wild and crazy guy and dating Hollywood actresses.
22:26 John DeLorean's midlife crisis and rumors of impropriety plagued him throughout his career at GM, but he was never formally charged or held accountable for any wrongdoing.
27:57 John DeLorean left GM and started working on the Delorean car, which he intended to be fuel efficient, affordable, reliable, and made of stainless steel, but it ended up being known for its unreliability.
33:21 John DeLorean redesigned the Lotus Esprit to create the DMC-12, an American car that had never been seen before, and secured funding from Puerto Rico and Britain to build a factory in Belfast, despite protests and concerns about the political climate in Northern Ireland, and the factory opened with the cars being assembled by Lotus on an assembly line, resulting in compromises and the production version being different from the prototype.
38:44 The DeLorean car had numerous problems, including being overpriced, overweight, fuel inefficient, clunky to drive, and having faulty windows and doors. Additionally, John DeLorean was embezzling money from the company for personal gain.
44:16 John DeLorean was approached by an FBI informant who proposed a drug scheme to save his failing company, leading to his entrapment and subsequent trial.
50:16 John DeLorean was acquitted on all counts in his trial due to entrapment and malfeasance by the FBI agents, but his finances were in ruins and he faced other fraud charges.
55:32 John DeLorean was buried in a black motorcycle jacket, jeans, denim shirt, and sunglasses, and his tombstone features a DMC-12 with the doors open.
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