Monday, May 21, 2012

The story of when DeLorean moved to Columbus, OH

The story of when DeLorean moved to Columbus, OH

A lot of things go down when a high-profile company is in high-profile trouble – unlikely entities can arrive with unexpected sums of money and take the company in unpredicatble directions. Such was the case with DeLorean Motor Car – which is still in business in Texas – when the business, headquartered in Detroit and building cars in Ireland, was taken over by the Russian emigrant who founded discount retail stores Big Lots and Odd Lots. Hemmings Blog has the tale of how Sol Shenk rescued a bankrupt DMC from the banks in 1982 after John Z. DeLorean's arrest.

Autoblog, The story of when DeLorean moved to Columbus, OH