DeLorean production is ramping up after a 30 year hiatus. Production of the once popular vehicles is taking place in Humble, Texas.
Houston NBC affiliate KPRC reports that a recent change in Federal law will allow the company to once again begin production.
The DeLorean became a much talked about sports car after it appeared in the 1985 movie Back to the Future, but shortly after the movie debuted founder John DeLorean was arrested on drug charges and his company went bankrupt.
DeLorean Motors in Humble, Texas, has been renovating old DeLoreans for years, but until now they have not produced any new cars.
“It’s fantastic! It is a game changer for us. We’ve been wanting this to happen,” said Stephen Wynne, CEO of DeLorean Motors.
The company will build new DeLoreans with authentic parts that have been warehoused for 30 years.
“There’s no need to change the appearance of the car,” Wynne said.
The company believes it has enough parts to produce 300 new cars.
A refurbished DeLorean sells for about $50,000, and a new one will cost just under $100,000.