The DeLorean is going back to the future, the car company's CEO said this week as he announced a new production round of the vehicle best known for the 1980s "Back to the Future" movies.
The stainless-steel, gull winged-door DeLorean was created by former General Motors executive
John DeLorean in the early 1980s, according to History.com. The company made just one model, the DMC-12, but DeLorean's business went bankrupt, and he was charged and later acquitted of drug trafficking charges.
Moviegoers remember the vehicle, though, as Doc Brown's mobile time machine in Michael J. Fox's "Back to the Future" in 1985 and its two sequels in 1989 and 1990.
The DeLorean Motor Company, which moved the suburban Houston town of Humble in 1987, had been in the business of refurbishing the DMC-12s before Tuesday's announcement
, KPRC-TV reported.
The company is now literally coming back to the future after the recently passed Low Volume Motor Vehicle Manufacturers Act of 2015, which is allowing turn-key replicas of
older vehicles to be made, according to the Houston Chronicle.
CEO Stephen Wynne told KPRC-TV he believes he can build about 300 DeLoreans with the supplies in stock.
"It's fantastic," he said. "It is a game-changer for us. We've been wanting this to happen. That was a green light to go back into production. That was prohibited. It was against the law to do it."
The prices for the DeLoreans, depending on engine models, will run from $50,000 for a refurbished vehicle to around $100,000 for a one off the assembly lines, the Chronicle noted.
The return of the DeLorean caught the fancy of many on social media, including singer Huey Lewis, who wrote the theme music to the "Back to the Future" movie.
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