Avanti Motor Corp. says it will sell the business to the highest bidder by Oct. 1.
The news comes as a surprise to at least one of the company's five dealers, Martin J. Kelly Oldsmobile in Arlington Heights, Ill.
A salesman there said the dealership had not been informed that Avanti is for sale. The dealership has sold two $63,000 Avanti coupes this year.
Delores Terrell, an administrative assistant at the Avanti factory in Villa Rica, Ga., said the company has produced about 50 cars this year. Terrell said the company has 35 employees on the payroll.