from Wikipedia:

Avanti Motors, based in Cancun, Mexico, continues production of 150 hand-built units per year of an updated version of the Avanti. In 2004, the company switched from GM engines and chassis to Ford. In addition to the Avanti Coupe, the company also offers an Avanti Convertible.

A September 5, 2007, SEC complaint accuses Michael Eugene Kelly of running a $428 million dollar fraud scheme. Avanti Motor Corp is named as a relief defendant, alleging that auto maker illegally received more than $7.3 million from Resort Holdings International. Kelly has been in custody since Dec 22, 2006 and all Avanti facilities are closed.