John DeLorean

The car entered into production as the DMC-12 but known simply as the DeLorean. James Nance President of Packard decided to merge the company with Studebaker Corporation in 1954. He stated "The first cars from a manufacturing standpoint were well built.

John Zachary DeLorean (January 6 1925 – March 19 2005) was an American engineer and executive in the U. S. The alleged drug trafficking was supposedly an attempt to raise funds for his struggling company which declared bankruptcy that same year.