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DeLoreans are coming back as we hit peak 'Back to the Future'

The DeLorean Motor Company is spinning up production of its iconic DMC-12 from "Back to the future" trilogy, as Engadget informs.

DeLorean production was made possible due to the new law, which allows small companies to produce cars at lower quality standards. It particularly applies to models older than 25 years, and in this category includes DMC-12.

The company was prohibited by law from producing new vehicles. It's building the replicas of the circa 1982 car under a low-volume manufacturing bill. The DeLorean Motor Company in Texas was and still is, a place for current car owners to get their vehicles restored. The company currently sells refurbished cars for $45,000 to $55,000. The stainless steel paneled cars will be built using materials from the original run of the vehicle.

It is planned to produce about 300 cars. The first DeLorean will hit the market in the first quarter of 2017.

The run of about 300 "new" DMC-12s will most likely be upgraded with new engines and other bits of current technology. The company hopes to build about one vehicle per week and put on the market for under $100,000.

DeLoreans are coming back as we hit peak 'Back to the Future'