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Cautionary Tales The DeLorean Saga: Fraud, Drugs and Marty McFly’s Car – with Business History

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This is a special crossover episode with Business History.

John DeLorean was a visionary who wanted to create a futuristic new sports car – a stainless steel marvel with distinctive gull-wing doors. The British Government agreed to finance the project, provided he built his factory in a troubled part of Northern Ireland. Production stumbled, sales fizzled and DeLorean liked to fiddle with the numbers. As the company approached ruin, a neighbour offered DeLorean a lifeline, if he’d only come in on a cocaine deal.  

See the show notes at timharford.com

The Host

Tim Harford

Tim Harford’s long-running column in the Financial Times, “The Undercover Economist,” reveals the economic ideas behind everyday experiences. His first book, The Undercover Economist, was published in 30 languages and sold…