Follow the fun at our Woodward Dream Cruise tag for all of our coverage of the 2008 Woodward Dream Cruise, the largest one-day automotive event in the world!That's the official word from the folks at DeLorean Motor Company anyway. We sat down with James Espey, veep of the DeLorean Motor Company, one of a large corporate contingent in Detroit on Saturday for the Woodward Dream Cruise. They were there to cater to the large number of DeLorean enthusiasts in town to cruise their classic flux-capacitor-carrying time machines. The burning question we had was whether the AP story was correct in hinting that DMC would again be building DeLoreans. His response was absolutely clear:

"Job one will begin the third quarter of this year, with delivery by Q1 of 2008. We're aiming for $57,500 as the sale price."

And yes, we're also told it will look like a DeLorean — square nose, gull-wings and all. This time, instead of attempting to mass produce the cars, the DeLorean folks will be building them by hand at their assembly plant in the li'l town of Humble, Texas. No word yet on issues regarding EPA testing or production numbers (we didn't think to ask), but the Detroit News is claiming it'll be one or two a month. The shots below were from the Saturday meet-up during the Woodward Dream Cruise where we spoke with Espey.

Send an email to Ray Wert, the author of this post, at ray@jalopnik.com.