Since leaving General Motors Corp., John De Lorean has been developing the De Lorean DMC-12, a stainless steel sports car that will compete in the market against the Chevrolet Corvette and similar vehicles.
Three Twin Cities concerns have signed up to handle the DMC, which is being produced in Ireland and is expected to arrive in U.S. showrooms by the end of the year.
The dealers are Carousel Porche-Audi-Renault Inc., Golden Valley; Key Cadillac Inc., Edina; and a partnership formed by Wally McCarthy of Lindahl Oldsmobile Inc. of Minneapolis and Jim Christy of Christy Pontiac-GMC Village, White Bear Lake.
McCarthy said about 25 people already have made refundable $5,000 down payments to the partnership for DMCs, which are expected to sell for $16,000 to $20,000 each. The dealership, called WJM & C Corp., with McCarthy as president, will operate out of Christy Pontiac.
At Key Cadillac, owner Adam Stanzak said 10 down payments have been received. He added, however, that “at this point (the car) is still a gleam in John De Lorean’s eye.”
The Minneapolis Star, Minneapolis, Minnesota
Tuesday, March 4, 1980
Page 35
