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The DeLorean is Going Back Into Production

posted: 01/27/16
by: Danny Clemens
Christopher Lloyd arrives in a DeLorean
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Actor Christopher Lloyd arrives in a DeLorean car at Universal Studios Hollywood's 'Back to the Future - The Ride' in University City, California.
Robyn Beck/AFP/Getty Images

Everybody's favorite 1980s-era car is making a limited comeback, flux capacitor not included.

Stephen Wynne, CEO of Humble, Texas-based DeLorean Motor Company, announced plans to produce a low-volume production run of replica 1982 DeLoreans in an exclusive interview with local news station KPRC.

DeLorean has enough supplies on hand to build approximately 300 vehicles, which Wynne hopes to sell for less than $100,000 each. The vehicles will be manufactured on American soil.

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The production run has already received regulatory approval from the federal government, and the first vehicles are expected to finish production in early 2017.

DeLoreans were last produced more than three decades ago. The original run was manufactured in Ireland between model years 1981 and 1983. After founder John DeLorean was arrested on charges of drug trafficking in 1982, the company went bankrupt and most of its assets were liquidated.

Wynne later acquired rights to the original DeLorean Motor Company's intellectual property in the 1990s. In its second iteration, the company has refurbished and serviced original DeLoreans, of which approximately 6,500 remain.

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