The cult classic DeLorean car could soon be available for purchase once again.
The Delorean Motor Company, which is based in Humble, Texas, has announced it hopes to build around 300 replicas of the famous gull-wing sports cars with parts they still have in stock.
The stainless steel car, a retail failure, shot to fame in 1985 when it was used as a time machine in the hit movie Back to the Future and its two sequels in 1989 and 1990.
The Dallas Morning News has reported company CEO Stephen Wynne plans to release the first car in about a year's time for under US$100,000.
The media organisation reported the new DeLoreans would retain the iconic shape but would use new engines, which are still being sourced, as well as improved brakes, interiors and features like Bluetooth and a navigation system.
“Based on the research we’ve done, we believe the buyers will be new to DeLorean,” DeLorean Motor vice president John Espey told the Dallas Morning News.
“We do think it will be a younger generation.”
DeLorean Motor folded in 1982 having produced only about 9000 DeLorean cars in just two years on the market.
Quality concerns and a poor engine plagued the car and the company's chief executive Stephen DeLorean was charged, and eventually acquitted, of trying to sell cocaine to save the motor company.
The jury in his trial said the businessmen had been entrapped.
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