Geraldine Elizabeth "Liz" Carmichael (1937–2004?) was an American entrepreneur who marketed the three-wheel Dale sports car in 1975.
The Dale car, a design of Dale Clift, was supposed to be produced by Twentieth Century Motor Car Corporation in California. According to Twentieth Century's 1975 brochure, it had a two-cylinder engine, would reach 70 miles per US gallon (3.4 L/100 km; 84 mpg-imp) and would cost $2000. The body was to be constructed out of 'rocket structural resin' that would withstand damage well. There were only three prototype copies ever made and only one of them could move under its own power.
After having received money from investors, purportedly for the development and marketing of the Dale car, Carmichael disappeared and the funds were unaccounted for. She was charged with grand theft, fraud, and securities violations. During her trial, Clifft stated that he still believed in Carmichael and expected large royalties once the car would go into production. In fact, he received only $1001 and a bum check.
Following her arrest, it was discovered that Carmichael's given birth name was Jerry Dean Michael, which was still her legal name, and that she was initially identified as a male. She married the former Vivian Barrett while still living as a man and they were the parents of five children. Carmichael stated she had undergone hormone therapy and was in the process of completing sex reassignment. Carmichael had previously been charged by the FBI (when living as a male) for alleged involvement in a counterfeiting operation; she had been released on bail and never appeared for trial.
After her arrest related to the Dale car, Carmichael's bail was paid by a news station that was guaranteed the rights to her story. She subsequently jumped bail and remained at large until the airing of an Unsolved Mysteries episode in 1989. The episode revealed that Carmichael had been working as a flower vendor in Dale, Texas by the name of Kathryn Elizabeth Johnson.
Unverified sources (one claiming to be a grandchild) report that Carmichael died of cancer in February 2004.