After a more than 30-year hiatus, the DeLorean Motor Company will resume production of the iconic 1982 DeLorean DMC-12, which was made famous for its role in the Back to the Future film trilogy.
The company was previously prohibited from producing the famed model because the futuristic designs belonged to John DeLorean's estate and not the auto business, which went bankrupt in 1982. Now, thanks to a low volume manufacturing bill by the federal government, DeLorean bring back the iconic cars, but each car will cost around $100,000.
The DeLorean Motor Company says it has enough parts to build nearly 300 replica cars, with plans for the first car to be completed in early 2017.
"A number of hurdles exist before production can begin, and we're still early on in this process of determining the feasibility of moving forward," the company said in a statement.
VP James Espey tells Jalopnik that one possible engine could be a normally-aspirated V6, producing 300-400 HP. The original boasted a V6 pushing 170 horsepower.
For more info, visit DeLorean.com.
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