The Stutz Motor Company was revived in August 1968 by New York banker James O'Donnell. He joined forces with retired Chrysler stylist Virgil Exner who designed the new Blackhawk. Exner's design included a spare tire that protruded through the trunklid, a massive 'kidney' grille, and freestanding headlamps. The new Blackhawk was prototyped by Ghia in Italy at a cost of over US$300,000. To offer exclusivity and still allow easy servicing in the US a custom built Italian body was added to a GM platform and engine. The Blackhawk debuted in January 1970 at the Waldorf Astoria in New York City. Prices ranged from US$22,500 to US$75,000.
The very first Blackhawk sold was purchased by Elvis Presley on October 9, 1970, for US$26,500.