Nissan Motor Co. debuted the latest edition of its Z series coupe in New York, marking the seventh generation of a sports-car line that was introduced in 1969 as the Fairlady Z in Japan and the Datsun 240Z in the United States.

The new Z is the first rebuild of the two-door platform in over a decade and will be available for purchase next spring, Nissan said in a statement Tuesday. The car will be offered in the $40,000 range, said Chief Operating Officer Ashwani Gupta, with full pricing details coming closer to when sales start.

"This is part of our culture,” he said in an interview. "And I’m pretty sure that it will bring further momentum in our growth.”