Sofa King Podcast

Episode 474: John DeLorean: Cars, Corporations, and Cocaine


Listen Later

On this episode of the Sofa King Podcast, we travel back in time and look at a legend of the 1980s, John DeLorean. DeLorean was a very gifted engineer and marketer who invented the category of the muscle car with the creation of the GTO. His rise through the ranks of Detroit’s Big Auto made him the top rival of Ford, and a celebrity as well. He eventually built the iconic DMC-12 made immortal by the Back to the Future movies and then blew it all in an FBI arranged 220 pound cocaine deal. Like you do.

John DeLorean was born where else, but Detroit Michigan. He was the son of two immigrants (and an abusive father), and he was smart. He went to the best schools due to his grades and intellect, and eventually got multiple degrees, even though he took a pause to go fight in WWII. When he returned, he took a few jobs and eventually got work at the Packard company. He thrilled his bosses there, and when Packard merged with another company, he left and joined General Motors.

It was there that his star rose. He created the Pontiac GTO and in so doing, gave birth to the muscle car. GM leaders didn’t want this car, and DeLorean had to lie and fight to get it made, but it was wildly successful. He created other big car lines and jumped higher and higher up the corporate ladder. But his Hollywood life style, casual looks, big mouth, and defiance made him unpopular. Eventually, a speech he wanted to give leaked, and he parted ways just before he would have likely become president of GM.

So, off he went to design his own car and create his own car company. It took a decade to go from concept to factory floor. He lined up investors (even famous ones like Johnny Carson and Sammy Davis Junior), and he had to open a plant in Ireland due to tax breaks he was afforded there, but he finally produced the DMC-12. His goal was to make the best care possible: best for safety, best for speed, best for aesthetics, best for the environment.

But he didn’t. It had a small motor that couldn’t push the weight of stainless steel frame. It was prohibitively expensive. The doors jammed, and it had a lot of problems. A friend of his had a solution to fix his financial mess. Join with him and buy 220 pounds of  cocaine and sell them to get liquid cash to save the company. So DeLorean joined forces with this guy, and it turned out to be an FBI sting. The star of Detroit was now a world-renowned drug dealer with a collapsed car company.

So what happened to DeLorean once he was busted? What type of legal wrangling got him away from jail time? Why do some people think he conned everyone, including the FBI in this drug deal? What happened when he tried to create a new DMC years later? What happened to the company he started? Listen, laugh, learn.

 

Visit Our Sources:

https://en.wikipedia.org/wiki/John_DeLorean

https://detroithistorical.org/learn/encyclopedia-of-detroit/delorean-john

https://www.forbes.com/sites/chucktannert/2019/07/26/john-delorean-reinvented-the-dream-car-then-he-totaled-it/#76b287d514ef

https://www.history.com/this-day-in-history/john-z-delorean-is-arrested-in-24-million-cocaine-deal

https://www.cnet.com/roadshow/news/john-delorean-dmc-facts/

https://www.mentalfloss.
...more
View all episodesView all episodes
Download on the App Store

Sofa King PodcastBy Sofa King Podcast

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

1,295 ratings


More shows like Sofa King Podcast

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

226,832 Listeners

Last Podcast On The Left by The Last Podcast Network

Last Podcast On The Left

50,698 Listeners

Tin Foil Hat With Sam Tripoli by Sam Tripoli

Tin Foil Hat With Sam Tripoli

9,398 Listeners

Stuff They Don't Want You To Know by iHeartPodcasts

Stuff They Don't Want You To Know

10,266 Listeners

Sword and Scale by Sword and Scale

Sword and Scale

61,780 Listeners

Drinkin‘ Bros Podcast by Tetherball Academy Media

Drinkin‘ Bros Podcast

7,898 Listeners

True Crime Garage by TRUE CRIME GARAGE

True Crime Garage

34,384 Listeners

Matt and Shane's Secret Podcast by Matt McCusker & Shane Gillis

Matt and Shane's Secret Podcast

10,915 Listeners

This Past Weekend w/ Theo Von by Theo Von

This Past Weekend w/ Theo Von

27,579 Listeners

Theories of the Third Kind by Theories of the Third Kind

Theories of the Third Kind

6,301 Listeners

2 Bears, 1 Cave with Tom Segura & Bert Kreischer by YMH Studios

2 Bears, 1 Cave with Tom Segura & Bert Kreischer

23,724 Listeners

Radio Rental by Tenderfoot TV & Audacy

Radio Rental

32,347 Listeners

Shawn Ryan Show by Shawn Ryan

Shawn Ryan Show

42,616 Listeners

Short History Of... by NOISER

Short History Of...

2,653 Listeners

Tales from the Break Room by Eeriecast Network

Tales from the Break Room

1,303 Listeners