Motor company plans to make and sell 24 of the iconic cars each year starting in 2008.

The car that instantly transformed from an also-ran into the most popular geek car of the 1980s thanks to the “Back to the Future” movie trilogy, is itself about to undergo a ‘back to the future’ moment with news the DeLorean Motor Company will begin production of new models in 2008.

ABC News has reported company boss, James Espey, as saying up to 24 new cars will be produced each year.

The company operating out of Houston, Texas has been running as a restoration business, taking original cars (only 9000 were ever sold before the original company was wound up in 1982) and restoring them with NOS (new old stock) parts that remained when the factory space and over 40,000 square feet of spare parts were sold.

However, in recent years, the company has struggled to find decent original car frames to restore with each car arriving in worse condition and costing more money to restore.

Espey told ABC News that the process is becoming harder and harder.

"We are to the point now where the quality and quantity of donor cars is becoming cost prohibitive," Espey said. "The bad cars are getting worse and costing more."

The company is reported to have 200 original NOS engines ready to go.

Current DeLorean restoration cars sell for $US42,500 however given the extra cost of full production, that cost is expected to rise when new cars begin rolling off the assembly plant next year.

There was no word on whether the Flux Capacitor would also make an appearance on the new models.