DeLorean Production, The DeLorean is Back

© The Associated Press

DeLorean, Car From 'Back to the Future,' Returns to Production - Roads? Where these cars are going, they don't need roads.

DeLorean Motor Company CEO Stephen Wynne recently told KPRC in Houston that the iconic car made famous by the 1985 classic sci-fi film "Back to the Future" will go back into production for the first time in more than three decades.

About 300 replica 1982 DeLoreans will be produced under a manufacturing bill approved by the federal government.

“It’s fantastic,” Wynne told the TV station. “It’s a game-changer for us. We’ve been wanting this to happen. ... It means we're back as a car company again.”

Since the company moved to Humble, Texas, in 1987, it has been refurbishing dozens of DeLoreans shipped from around the world. The new DeLoreans will be the first manufactured on American soil.

A refurbished model currently costs $45,000 to $55,000, according to KPRC. Wynne would like to sell the new ones for a less than $100,000, depending on what type of engine goes in the car.

"There's no reason to change the appearance of the car. As we go into the program, we'll decide what areas need to be freshened up," he told KPRC.

He hopes to have the first new DeLorean ready for action in early 2017.

Copyright 2015 U.S. News & World Report