Ford Mustang ASC McLaren?
No and no.
Saleen Mustang SC convertible?
No
T-bird cabrio-conversion?
no
Specific Model, so could it be as simple as Foxbody generation Mustang GT convertible?
Indeed my friend.
Wrong car though.
Ford Escort XR3i cabriolet?
No
Iāll drop another important clue later if need beā¦
Hint #2ā¦
This model was only sold in the US.
Chevy Beretta pace car convertible?
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Yes!!!
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That was a one-off created specifically for the Indy 500 - but its lurid color scheme would have made it more appropriate for cruising down the Pacific Coast Highway than leading a pack of open-wheelers at Indy, and its looks were ruined by that fixed ābasket handleā roll bar so commonly found on many contemporary soft-top convertibles (and an unavoidable addition back then, due to the more primitive body construction technology of the era compared to today).
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The Beretta GTZ was ONE of my childhood dreamcarsā¦canāt find one today smh.
TBH the shade of yellow was what I identified it onā¦ 
New pic:
Iām shocked no one got it sooner.
But yea, I have no clue what that car is. It looks like a MB 190E knock-off 
I can see what you mean, but no.
Fiat 128?