DeLorean heads back to the future with electric comeback in Central Texas

Where they’re going, there are plenty of roads.

Legacy car manufacturer DeLorean is revving up for reemergence with plans for building new electric vehicle factories and relocating its world headquarters to San Antonio, the Austin Business Journal reported. If the city and county sign off on incentive packages in the works, the company will head to Port San Antonio to build its new headquarters. From there, it will look for and evaluate locations for its manufacturing operations.

Port San Antonio is a 1,900-acre, commercial and industrial campus developed by a public entity of the same name. It was part of the redevelopment of San Antonio’s former Kelly Air Force Base, which closed in 1995. It’s also the planned site for a 130,000-square-foot innovation facility called Tech Port Center and Arena. The center will have a collaborative lab space for prototyping new technologies, a technology museum, an industry showroom and a 3,200-seat arena for product launches, training, conventions and other industry functions.

Originally based in Detroit, DeLorean went bankrupt in 1982. A Houston-area company acquired the name in 1995. It has the largest remaining stockpile of original DeLorean parts from the factory, U.S. stock and suppliers. The company said it would move all of its executives to the new San Antonio headquarters, which it estimates will bring 450 jobs to the area—primarily executive, management and engineering employees.

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DeLorean CEO Joost de Vries credited “a deep talent pool and a strong local academic ecosystem” for attracting the company to the Central Texas region. The regional car manufacturing hub, which includes Austin and San Antonio, is the location of Toyota, Navistar and Tesla factories and their network of suppliers.

Tesla moved its headquarters from Silicon Valley to Austin last year. Educational institutions such as Texas A&M University-San Antonio, the University of Texas at San Antonio, Trinity University and Texas State University provide a steady stream of talent for growing tech and related sectors in the area.