Why did DMC stop making the car?
The factory was closed by the British government when the company defaulted on loans in 1982 and was put into receivership (bankruptcy reorganization) immediately following the arrest of John DeLorean in Los Angeles. There were claims that the car wasn’t selling well, as well as claims that the car had years of orders already in queue. At any rate, the last DeLorean rolled off the assembly line on Christmas Eve, 1982. The stainless steel dies were sold by their owner, Thyssen GmbH & Co., to a fishing company as scrap and promptly converted into a fish home in the Atlantic Ocean, putting the final nail in the coffin of the DeLorean automobile.
