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Where did the name "DMC-12" come from?  What did the "12" represent?

This is a question that a lot of DeLorean enthusiasts are still unsure of.  "DMC-12" stood for "DeLorean Motor Company-12 (thousand dollars).  Originally, the car was supposed to sell for 12,000 dollars - That was before the British Pound went from 1.40 to 2.40.    Eventually, and contrary to what most people think, the car was priced at around 25,650 dollars - not 80,000 dollars.

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