Avanti (car)

Altman and Newman After Studebaker ended production at South Bend on December 20, 1963, the "Avanti" model name, tooling, Studebaker truck production rights, as well as parts and plant space were bought by local Studebaker dealers, Nate and Arnold Altman and Leo Newman, who incorporated as Avanti Motor Corporation and hand-built a small number of cars. Leo Newman ran the Studebaker truck parts division, which enabled the company to be profitable at its outset. According to Stu Chapman, Studebaker Director of Advertising & Public Relations 1964–1966, in his book "My Father The Car: Memoirs Of My Life With Studebaker", there was talk with Studebaker about reintroducing the Avanti to Studebaker showrooms in 1965/66, along with ambitious plans for rebadging an Isuzu Bellett as an entry-level Studebaker, and combining with Canadian Motor Industries. The Altman brothers introduced a slightly modified version of the car in 1965 under the brand name "Avanti II". which initially had a Chevrolet Corvette engine. This evolved to the 400, then the small-block 350, and then the 305 for 1981. The V8 had electronic engine controls, , and GM's Turbo 350 automatic transmission with lock-up. Building one of the 1980s Avanti IIs required 10 to 12 weeks, depending on special color or upholstery orders. From 1963 through 1985, Avanti IIs were built on the Studebaker-designed chassis, then the Chevrolet Monte Carlo chassis was used; Chevy discontinued the Monte Carlo in 1987, and Avanti switched to the Chevrolet Caprice chassis. Stephen Blake On October 1, 1982, real-estate developer Stephen H. Blake bought the rights to the Avanti II. The state of Indiana guaranteed $1.9 million in loans to Avanti as part of the financial package offered Blake when he bought the company. These plans were shelved in favor of the G-body Monte Carlo chassis as it could accept Chevrolet V8s. Shortly after introducing the Mark II Avanti, the company declared bankruptcy, and Blake resigned in February 1986. ==Avanti==

Michael Kelly The Avanti Motor Company was purchased by Michael Eugene Kelly, whose ownership was very brief because the company's ownership changed in 1987. The "II" was dropped from the car's name and all subsequent cars were called the "Avanti". The company then had second-generation Avanti styling originated by Tom Kellogg, the youngest member of the original Studebaker Avanti design team. John Cafaro The company was acquired and run from 1987 until 1991 by John J. Cafaro. With the financial assistance of the State of Ohio, he moved all Avanti production from South Bend – its birthplace – to Youngstown, Ohio. In 1988 and 1989, Avanti made two-door coupes and a convertible. The 1988 Avanti was called the "Silver Year" models, marking 25 years since the Avanti's introduction. In 1989, Cafaro lost faith in the original coupe and introduced a four-door version, of which 90 were built. Only 405 Avantis were made in four years at the Youngstown plant, which closed in 1991. Kelly repurchase Kelly repurchased the company in 1999. He moved its operations from Ohio to Georgia and produced redesigned Avanti automobiles in Villa Rica from 2000 to 2005. From 2004, Ford Mustang chassis and engines were used. In October 2005, an Internet report said, "Avanti Motors [had] recently announced a new relationship with Ford Motor Company and was planning a big comeback". In early 2006, Kelly moved Avanti production to a new plant in Cancun, Mexico. Still, the company floundered after Kelly's arrest on fraud charges in December 2006 over a large Ponzi scheme he was running. The last Avanti rolled off the line in Cancun, Mexico in March 2006. All the Mustang-based Avantis used V8 engines, with the option of a Ford V6. Only one 2006 Avanti was built with a Ford V6 engine. The factory and showroom were emptied in 2011 and have been sold. Many extremely rare Studebaker and Avanti concepts and racing vehicles on the second floor of the building in Cancun have been moved elsewhere and/or sold. ==References==