The DeLorean is back.
Twenty-five years after the stainless steel carmaker went belly up, the vehicle that starred in all three "Back to the Future" movies will get a new lease on life, according to executives of the new DeLorean company, formed in 1995.
James Espey, vice president of DeLorean Motor Co., said the company will begin building new DeLoreans next year. The cars will sell for $57,500 and retain the squared-off looks and gull-wing doors that made them unique.
Instead of mass producing the cars, DeLorean will assemble them by hand in Humble, Texas. Espey said the company will build one or two cars a month.
"Job 1 will begin in the third quarter of next year," said Espey of a possible start time.
Standing with several DeLorean owners along Woodward Avenue during Saturday's Dream Cruise, Espey described the cottage business that emerged from the wreckage of the bankrupt original DeLorean company.
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