Auto company president charged in drug case
October 21, 1982
Los Angeles
John De Lorean, who gave up a shot at the presidency of General Motors to build his own futuristic sports car, was in jail Wednesday, charged with trying to finance a $24 million cocaine deal to save his auto company in Northern Ireland from collapse.
His arrest came hours after the Northern Ireland government announced it would shut down Mr. De Lorean's financially troubled auto plant in 10 days.