Logan Machine Company

In 1978, John DeLorean arranged to borrow $8.5 million from Lotus Cars founder Colin Chapman, paid through a holding company in Panama owned by the two men, called General Products Development Services Inc., and used it to acquire the Thiokol snowcat division.

Under DeLorean, DMC diversified into the production of airport tugs in the early 1980s, and also began contract manufacturing of metal components for home exercise machines.

Popular production snowcats manufactured by Thiokol were carried over almost through DMC and LMC's product lines and the IMP, Super IMP and Spryte models are still in use today and often favored by private snowcat owners for back country transportation uses.

DeLorean sold his shares to an investment group in 1993, by that time several snowcat brands had ceased operation due to market factors, among them the Snow Trac and Kristi.

However, after several years of financial difficulties during the 1990s, Logan Manufacturing Company filed for bankruptcy in April 2000, and ceased operations.