Smith's restructuring attempts, and partially because of increasingly dated cars. An example were customers who increasingly purchased European luxury cars rather than Cadillacs. In 1985, GM started Saturn (the first new American make since the Edsel), with the goal of producing high-quality import fighters. Production would not begin until 1990. Chrysler introduced its new compact, front-wheel drive K-cars in 1981. Under the leadership of Lee Iacocca, the company turned a profit again the following year, and by 1983 paid off its government loans. A succession of models using this automobile platform followed. The most significant were the minivans in 1984. These proved a to be popular and they would dominate the van market for more than a decade. In 1987, Chrysler purchased the Italian makes of Lamborghini and Maserati. In the same year, Chrysler bought AMC from Renault laying to rest the last significant independent U.S. automaker, but acquiring the hugely profitable Jeep line and continuing the Eagle brand until the late 1990s. The DMC DeLorean was the brainchild of John DeLorean, a flamboyant former GM executive. Production of the gull-winged sports car began in Northern Ireland in 1981. John DeLorean was arrested in October 1982 in a sting operation where he was attempting to sell cocaine to save his struggling company. He was acquitted of all charges in 1984, but too late for the DeLorean Motor Company, which closed down in 1983. The DeLorean gained renewed fame afterward as the time machine in the Back to the Future film trilogy. The imposition of CAFE fuel-mileage standards in 1979 spelled the end of big-block engines, but performance cars and convertibles reemerged in the 1980s. Turbochargers were widely used to boost the performance of small cars, and technology from fuel injection began to take over from the widely used application of carburetors by the late 1980s. Front-wheel drive also became dominant. The Eighties marked the decline of European brands in North America by the end of the decade. Renault, Citroen, and Peugeot ceased importation by the end of the decade. Alfa Romeo would continue until 1993. Fiat also ceased imports to North America in the Eighties. Economics The early 1980s was marked by a severe global economic recession that affected much of the developed world. Inflation peaked in the U.S. in April 1980 at 14.76% and subsequently fell to a low of 1.10% in December 1986 but then rebounded to 4.65%