If you're a diehard "Back to the Future" fan with money to burn, we've got some great news: The DeLorean is going back into production for the first time in more than 30 years.

Stephen Wynne, CEO of the DeLorean Motor Company, announced the plans this week in an interview with the Houston NBC affiliate, near the company's Humble, Texas headquarters. The car, which became famous thanks to its role as the time machine in the "Back to the Future" series, was once synonymous with '80s opulence. But the company went bankrupt in 1982, and since the late '80s has operated purely as a repair and refurbishment outlet, restoring existing models of the vehicle.

The company had been unable to produce new versions of the kitschy car because the design rights were owned by the estate of the vehicle's namesake, the late John DeLorean, and not the company itself. Now, Wynne says, they have the official greenlight to start new production, the first time the car will be manufactured on American soil.

Wynne estimates that the company has enough existing parts to make about 300 new cars, which will be replicas of the 1982 model DeLoreans. Refurbished models retail for between $45,000 and $55,000; the new models are expected to run significantly higher, though Wynne hopes to sell them for less than $100,000.

The first new DeLorean is expected to roll off the line in early 2017. We can't wait for the future.

[via: NBC Houston, CNBC]

Photo credit: Getty Images for Universal Pictures Home Entertainment