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De Lorean Car

Volume 975: debated on Monday 10 December 1979

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asked the Secretary of State for Northern Ireland what is the current form of the private financial contribution to De Lorean cars and the current value of (a) money already expended on research and (b) the cash contribution.

[pursuant to his reply, 14 November 1979, c. 672…: The latest available figures for the De Lorean motor company and its subsidiaries show proceeds from sales of common stock and the capital contribution of partners amounting to approximately $11·2 million. In addition, some $6·9 million had been spent on research and development work before the formation of the present company, and an extra £15·5 million raised from private sources by the De Lorean research partnership has since been spent on the development of the DMC12 sports car.