Possibly the Worst Gadget Launch Ever
Certain gadgets spring to mind when we think about badly designed products and failed launches. But none failed in quite such a costly manner as the De Lorean DMC-12. Back in the early 1970s, when the original plans for the De Lorean were made public, it quickly became the “Big boy’s toy” on every male shopping list. Like all good gadgets it contained a large chunk of new technology and some good old fashioned cosmetic appeal.
Unfortunately for the business man behind this infamous motor vehicle, John De Lorean, many of the new forms of technology that were originally intended to make it into the production vehicle were just not ready. Certain things such as the radical chassis design, which was to be built using a new form of manufacturing process named Elastic Reservoir Moulding (ERM). The patent for ERM was bought by the De Lorean Motor Company at great expense, only for engineers to finally report that the technology was useless for motor vehicle manufacture, and scrapping the entire design concept. Slowly, little by little all of the exciting new features that could have made the car the ultimate male gadget of the late 70s were replaced by run of the mill standard technology. Possibly the only radical design feature that remained in the final production model was the use of a stainless steel skin over a fibreglass panel for the body panelling. This interesting feature kind of backfired as owners of the few De Lorean that were actually made, found out quite quickly that stainless steel was something of a pain to keep clean and maintain.
Most of us remember Doc Brown of Back to the Future fame, and his amazing time travelling De Lorean (possibly the greatest gadget ever) replete with flux capacitor and a dashboard full of esoteric lights. Interestingly enough, all of the four cars that were used in the filming of the original movies had their standard PRV-V6 (Renault produced) power plant ripped out and a more powerful Porsche engine installed. This should give some idea of just how bad the performance was in the original vehicle, if you need to stick a bigger engine into a sports car just to get it up to 88 miles per hour quick enough to keep movie goers entertained, then something must surely be wrong?
The De Lorean did make it into production, although the retail price had risen dramatically from original expectations. The DMC-12 took its name from the fact it was designed to retail at $12,000, but actually went on sale at $25,000 which represented over 100% slip in pricing from concept to launch. Only around 9,000 cars were ever built before the De Lorean Motor Company went bust in 1982, following the arrest of its founder on drug trafficking charges (later disproved). What could have been one of the most innovative and technically exciting motor vehicles of all time became a legend in bad business management and silly ideas.