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...dank walls of the six-bed cell, which he occupied alone, and at the thick windowpanes flanking the barred door. This was not the Ritz in London, one of his favorite jet-set stops, nor his art-rilled office high above Manhattan's Park Avenue. John Zachary De Lorean's dream of soaring to industrial fame on the gull-winged glitter of his stainless-steel sports car had turned into a nightmare...

Author: /time Magazine | Title: The Bottom Line... Busted | 11/1/1982 | See Source »

...could this be happening? With obsessive drive, a brilliant mastery of automotive engineering and management techniques, and a maverick's allure, De Lorean, barely out of his 30s, had risen to rule the Pontiac and Chevrolet divisions of giant General Motors. He had charmed his way into the glitzier show-biz celebrity circles, dating the likes of Candice Bergen, Nancy Sinatra and Ursula Andress before selecting his third wife, Actress-Model Cristina Ferrare, 32 (he is 57). Impatient with the corporate world's slow decision making, he had quit GM to race down a faster track. He had persuaded Britain...

Author: /time Magazine | Title: The Bottom Line... Busted | 11/1/1982 | See Source »

Newspapers are not allowed in Cell 2 B4. But De Lorean knew he was back in the news. The tabloid banners, though sensational, were accurate. DE LOREAN NABBED IN COAST COKE BUST blared the New York Daily News. This was no dream. He actually was under arrest and in jail, charged by federal prosecutors with conspiring to acquire 220 lbs. of cocaine in the expectation of making a $50 million profit. Federal investigators described...

Author: /time Magazine | Title: The Bottom Line... Busted | 11/1/1982 | See Source »

JOHN DELOREAN USED TO TELL people that someday Holly wood would make a movie of his life. It was to be classic American Dream tale of a poor kid who makes good. Thinking about De-Lorean's story, you had to admit that all the ingredients were there for an upbeat flick. A hardened father works on an automobile assembly line in Detroit. His son loves cars but wants more than his dad ever had, So with almost frantic determination, the kid makes his way up through the ranks of his father's company, becoming a major executive sports...

Author: By Antony J. Blinken, | Title: Nightmare | 10/23/1982 | See Source »

This year, however, the failed smaller companies have been joined by such large, well-capitalized corporations as Braniff Airways, Wickes Cos., Saxon Industries and De Lorean Motor Co. Says Purdue University Professor William Dunkelberg: "The recession is performing the age-old process of creating leaner, meaner and more efficient firms. Unfortunately, the recession has also cut heavily into the lean and mean. We've lost established companies to low demand and high debt...

Author: /time Magazine | Title: The Growing Bankruptcy Brigade | 10/18/1982 | See Source »

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