De Lorean bail cut in half, firm remains unpurchased
December 24, 1982
Los Angeles
Bail for automaker John DeLorean, awaiting trial on charges he tried to save his failing car company with a multi-million cocaine deal, was cut in half to $5 million by a federal judge Thursday.
In a separate report, Consolidated International Company said it would not take up its option to buy or lease the De Lorean Motor Company.