HC Deb 25 March 1981 vol 1 c340W
Mr. Cryer

asked the Secretary of State for Northern Ireland how many United States dealers have agreed to distribute the DMC-12 motor car; and what is the current rate of production and the projected annual rate for 1981 and 1982.

Mr. Adam Butler

I understand that 349 United States dealers have agreed to distribute the DMC-12 car and that to date formal agreements have been concluded by the company with 336 of them.

I further understand that the company is currently producing about 15–20 cars per day. It expects to produce approximately 12,000 cars in 1981 and 20,000 in 1982.

Mr. Cryer

asked the Secretary of State for Northern Ireland if he will seek to negotiate to change the share arrangements in De Lorean Motor Cars Ltd. to ensure that the £17,757,000 contributed by the Northern Ireland Development Agency provides a majority of voting shares and that the 546,000 'B' shares are reduced from 90 votes per share to one vote per share.

Mr. Adam Butler

No.

Forward to