Mexican design firm: Mastretta Design, is to debut in the Mexico City International Auto Show in December, the very first Mexican designed and build sports car. To be called the Mastretta MXT. It's to be powered by a 2.3 liter, 200 HP engine. The car will wiegh in at around 1,000 kg. A power to wieght ratio that should give it very good accelaration, handling and braking performance. It's slated to come to market the first quarter of 2008. Production is going to be 150 cars per year.
http://www.mastrettadesign.com/
Edit: Before anyone asks, I posted this in American Cars because Mexico is in the North American continent.