John DeLorean signed Automotive FDC first day cover GTO
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1960 first day cover honoring the Automotive Industry, autographed by automobile designer and executive John DeLorean (d. 2005). John DeLorean was an American engineer and executive in the U.S. automobile industry , and founder of the De Lorean Motor Company . He was most well known for developing the Pontiac GTO muscle car , the De Lorean DMC-12 sports car , which was later featured in the movie Back to the Future. De Lorean's time at Chrysler lasted less than a year, ending when he was offered a US$14,000 per year position at Packard Motor Company under supervision of noted engineer Forest McFarland. De Lorean quickly drew attention to his new employer with development of an improvement to the company's Ultramatic automatic transmission, giving it a much improved torque converter and dual drive ranges; it was launched as the "Twin-Ultramatic". De Lorean accepted a $16,000 per year offer from General Motors, by choosing to work at the Pontiac division as an assistant to chief engineer Pete Estes and general manager Semon "Bunkie" Knudsen . De Lorean's years of engineering at Pontiac were highly successful and produced dozens of patented innovations for the company, and in 1961 he was promoted to the position of division chief engineer. De Lorean's greatest contribution to Pontiac would be more conceptual than technical: The practical
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