The iconic 1982 DeLorean, the wing-doored car made famous by "Back to the Future" films, is going back into production.
The brushed-steel luxury vehicles will be manufactured for the first time in the United States.
CEO Stephen Wynne moved the car company to Humble, Texas, in 1987 after the DeLorean business went bankrupt in 1982.
But the firm was prohibited from manufacturing the car because its space-age design, with gull-wing doors that rose to the skies, was owned by the estate of flamboyant creator John DeLorean.
A low-volume manufacturing bill approved by the federal government means the firm is allowed to build replicas of the 1982 model, according to KPRC-TV.
"It's fantastic. It is a game-changer for us. We've been wanting this to happen," Wynne said. "That was a green light to go back into production. That was prohibited. It was against the law to do it."
The company had been refurbishing and repairing DeLoreans and has enough stock and supplies to build some 300 vehicles, Wynne said, according to the station.
Refurbished cars will be sold for prices beginning at $45,000. New models will cost about $100,000.
Despite the car's ability to time-travel on film, they didn't do so well in real life.
The sleek silver coupes were beautiful to look at, but pretty cumbersome to own and operate. The heavy steel frame inhibited speed and the gull-wing doors had a bad habit of getting stuck.
Famed inventor DeLorean, a glitzy, former designer for Pontiac and other Detroit car companies, was able to start his own business with celebrity investors including Johnny Carson and Sammy Davis Jr.
His futuristic cars were a common sight in car-conscious L.A. during the 1980s. But DeLorean, trying to save his foundering firm, was arrested on charges of cocaine smuggling after being secretly filmed by undercover agents bouncing a briefcase full of the drugs on his lap.
Drug agents claimed he tried to import $24 million worth of cocaine to bolster his company. But defense lawyers contended DeLorean was the victim of of overzealous feds who entrapped him.
After deliberating for 29 hours, a Los Angeles jury acquitted him in 1984.
DeLorean died in 2005, at age 80, following a stroke.