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DeLorean Motor Company (Texas)

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Not to be confused with the original DeLorean Motor Company.
DeLorean Motor Company
DeLorean Motor Company
Company typePrivate
IndustryAutomotive
PredecessorDeLorean Motor Company
FoundedMay 12, 1995 (1995-05-12)
FounderStephen Wynne
HeadquartersHumble, Texas, U.S.
Key people
Stephen Wynne (CEO)
ProductsDeLorean cars
Websitedelorean.com

DeLorean Motor Company[1] (also doing business as Classic DMC) is a company based in Humble, Texas, established in 1995 by Liverpool-born mechanic Stephen Wynne,[2] using the branding of the defunct automobile manufacturer. It has no direct connection to the original company, but rather supplies parts and services to owners of DeLoreans, such as maintenance, restoration, and the sale of NOS (new old stock), OEM (original equipment manufacturer), aftermarket, and replacement parts.

The company acquired the former manufacturer's remaining parts inventory[3][4] and registered its stylized "DMC" logo trademark.[1] It has an authorized dealer in Orlando, Florida and a company-owned location in Huntington Beach, California.

In 2022, the company announced it was entering production on a brand new EV DeLorean, inspired by the DMC-12.[5] The announcement signalled a change for the company from being a seller of "new old stock", into becoming an EV manufacturer.[6][7]

History

Original DeLorean

The original DeLorean Motor Company was founded in 1975 by businessman John DeLorean, beginning production in 1981 of a distinctive sports car with a gull-wing doors and a stainless steel exterior. The company went into bankruptcy and ceased manufacturing in 1982. However, the prominent appearance of a DeLorean in the 1985 film Back to the Future and its sequels helped maintain interest in the vehicles. Businessman Stephen Wynne purchased the remaining parts for the car, selling them out of Houston, Texas, and adopted the name of the original company on the grounds that it was no longer a going concern.

In August 2007, Wynne announced plans to start selling refurbished cars.[8][9] At that time, a DeLorean could be assembled using a combination of new, original, and reproduction parts and a donor car (to still carry a 1980s title) for US$57,500. As of 2019, restored DeLorean cars can be valued from US$50,000 and more depending on the level of restoration completed and optional upgrades. Though DMC does not sell unrestored vehicles, they can cost from about US$35,000 on the used car market depending on condition.

On December 3, 2009, DMC released a collection of T-shirts and hats in collaboration with streetwear brand The Hundreds, featuring modernized images of the DeLorean in Los Angeles culture-based graphic designs. The collaboration project also includes a special edition DeLorean wrapped in The Hundreds recognizable JAGS pattern in black and flat black which was for sale beginning December 3, 2009, and displayed at The Hundreds flagship store in Los Angeles the entire day.[citation needed]

In November 2010, in collaboration with DMC, Nike released a limited edition DeLorean Dunk shoe with an estimated production of 1,000 pairs at a suggested retail price of $90.

In October 2011, DMC announced intentions to sell custom-made electric DeLoreans by 2013,[10] development on which has been stopped pending the outcome of the release of regulations pertaining to the Low Volume Vehicle Manufacturing Act.

In October 2017, DMC launched DMC Watches,[11] in collaboration with a UK-based licensee which released two collections featuring design features from the DeLorean.

Proposed new production

Due to the passage of the Low Volume Vehicle Manufacturing Act, the production of the DeLorean was announced in 2017, with 300 new cars to be produced by DMC. DMC originally anticipated building approximately 50 vehicles per year over the next 6 years with an estimated retail price of US$100,000.[12][13]

Both the EPA and NHTSA had one year to establish a process for companies to register with each agency and to issue any necessary regulation to implement the Low Volume Vehicle Manufacturing Act. However, the regulations were not published until December 2019.[14] As of October 2022, DeLorean Motor Company has placed this production on indefinite hold.

In May 2022, DeLorean announced the plan to launch their latest model and concept for an electric car. The company stated the Alpha5 EV will have 300 miles of range and signature gull-winged doors and can reach 60mph in around 2.99 seconds. Additionally, the company announced that the Alpha5 will come with a 100kWh battery. The company stated the reveal of the model is set to be shown in Pebble Beach on August 21, 2022.[15]

Lawsuits

In 2014, Sally Baldwin, the widow of John DeLorean, sued the DMC for misuse of trademarks and images which were never purchased after the bankruptcy of the original company, claiming that they were still owned by his estate.[16] On October 20, 2015, the lawsuit was settled out of court for an undisclosed sum in exchange for DMC having the rights to use the DeLorean Motor Company name, trademarks and logo.[17]

In April 2018, Baldwin again sued DMC for rights to the royalties from Universal Studios from the Back to the Future films.[18] In October 2018, U.S. District Court Judge Jose Linares concluded[19] that materials licensed to Universal were included in the earlier 2015 settlement. In the court ruling,[20] the judge pointed out that in the 2015 settlement the DeLorean Estate pledged not to sue the automaker for using "DeLorean" and the "DMC logo," and that Universal was given the right to use the appearance of the DeLorean car, and the right to use the "DeLorean" name and the "DMC" logo as it appears on the front of the time machine. Furthermore, the 2015 settlement agreement and Universal Studios agreement both pertain to the use of the above-mentioned names and trademarks in similar context, in this instance, the manufacturing and merchandising of products displaying the DeLorean car's image and brand. Shortly thereafter, Sally Baldwin appealed this decision. In an opinion[21] dated December 5, 2019, the Third Circuit Court of Appeals affirmed[22] the lower court decision in favor of DMC Texas.

On August 8, 2022, a lawsuit was filed against Delorean Motors Reimagined LLC in the Southern District of Texas.[23] Brought by Karma Automotive LLC, it is alleged that its former vice president of sales and customer experience and the chief revenue officer formed their own company, Reimagined Automotive LLC, with the intent of stealing a joint venture project with DeLorean Motor Co.[24] According to the lawsuit, the former employees were tasked with developing and proposing ideas for the joint venture, called Project 88, which was led by ex-Vice President Joost de Vries, ex-Chief Revenue Officer Alan Yuan, Troy Beetz, and Neilo Harris. The four men founded DeLorean Motors Reimagined LLC in November 2021 after De Vries resigned from Karma Automotive LLC. But Yuan, Beetz and Harris would remain employed by Karma Automotive until February 2022. Reimagined Automotive LLC and the joint venture of DeLorean Motors Reimagined LLC are being sued for breach of contract, breach of fiduciary duty, fraud, and tortious interference. Additionally, Karma Automotive LLC claims that federal and state laws were violated by the misappropriation of trade secrets.

See also

References

  1. ^ a b DeLorean Motor Company Home.
  2. ^ "Back to the future as DeLorean goes electric". BBC News. April 1, 2012.
  3. ^ Marc Noordeloos (November 23, 2008). "Stephen Wynne, CEO of The De Lorean Motor Company". Automobile. Archived from the original on January 20, 2012. Retrieved July 19, 2019.
  4. ^ You can still buy a brand new DeLorean, straight from the factory. CNET. April 16, 2015 – via YouTube.
  5. ^ The Future was Never Promised, retrieved February 15, 2022
  6. ^ Gastelu, Gary (February 15, 2022). "The DeLorean is coming back as a futuristic Texas-made electric sports car". Fox News. Retrieved February 15, 2022.
  7. ^ "Back to the Future! Iconic DeLorean returning in 2022 as new electric sports car with Tesla Roadster, Rimac Nevera and Lotus Evija in its sights". CarsGuide. Retrieved February 15, 2022.
  8. ^ "DeLorean goes back to the future". BBC News. August 1, 2007.
  9. ^ "DeLorean cars to be reborn". Belfast Telegraph. August 21, 2007. p. 4.
  10. ^ "Back to the Future: An Electric DeLorean". ABC News. October 19, 2011.
  11. ^ "Luxury Mens Watches | DMC Watches | DeLorean Motor Company Watches". DMC Watches. Retrieved November 16, 2018.
  12. ^ Torchinsky, Jason (January 27, 2016). "The DeLorean Is Coming Back Thanks To This New Law, Will Have 300–400 HP".
  13. ^ "Brand-New DeLorean Replicas Are on the Way". January 27, 2016.
  14. ^ https://www.nhtsa.gov/sites/nhtsa.dot.gov/files/documents/replica_vehicle_program_nprm_12172019.pdf [bare URL PDF]
  15. ^ "DeLorean offers a first look at its gull-winged Alpha 5 EV revival". The Verge. May 30, 2022. Retrieved May 31, 2022.
  16. ^ "30 years later, 'Back To The Future' car in legal battle". Yahoo! News. Archived from the original on March 4, 2016.
  17. ^ Livni, Ephrat (October 21, 2015). "'Back to the Future' Car Lawsuit Settled".
  18. ^ "DeLorean widow sues for 'Back to the Future' payments". New York Post. April 26, 2018.
  19. ^ "Judge Rejects John DeLorean Widow's Attempt at 'Back to the Future' Royalties". The Hollywood Reporter. October 15, 2018.
  20. ^ "DeLorean Opinion". United States District Court for the District of New Jersey.
  21. ^ "DeLorean Third Circuit Opinion". United States District Court for the District of New Jersey.
  22. ^ "John DeLorean's Widow Loses Fight for 'Back to the Future' Royalties". The Hollywood Reporter. December 5, 2019.
  23. ^ "Karma Automotive LLC v. de Vries et al". PacerMonitor. August 8, 2022.
  24. ^ "Delorean Motors ReImagined: New Electric DeLorean Firm Hit With Lawsuit". My EV Talk. August 9, 2022.
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