Saleen

[p47koji]

Stay tuned. There's rumor in the air about a big announcement coming from the Saleen folks on honoring warranties. Sounds big.

[aaholland]

so what are the chances it "say goodbye" to warrenties seasons!!!

[mln385]

They are still in business?? I had heard they were closing?

Not good for the owners either way ...no support parts or replacements.:(

[p47koji]

This was posted on Saleen Owners and Enthusiasts Club's forum... It is NOT Saleen, Inc.
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Saleen Inc. Prepares Announcement Regarding Its Ability To Honor Warranty Claims


Breaking News: Saleen Owners and Enthusiasts Club/Saleen Forums News
March 4, 2009 -- Irvine, California -- Less than a month after the "sale of certain assets" by Saleen Inc. to MJ Acquisitions -- a deal to which the details still remain unclear -- Saleen Inc. prepares to announce that it is unable to honor any warranty claims on its vehicles and aftermarket parts.

Immediately following the sale, it seemed that it was "business as usual" for Saleen owners, since some were reportedly receiving support for warranty claims through dealers, as well as directly from employees of MJ Acquisitions, but that is no longer the case and they are now referring inquiries to Saleen Inc.

While production of vehicles had been stalled for some time, its aftermarket parts business under the Speedlab brand also picked up where it left off before the sale. MJ Acquisitions stated in the sale announcement that it was exploring its options for the 2010 model year Ford Mustang under the Racecraft brand initially, and to hopefully follow with the S Series.

Plans for the future of the Saleen branded vehicles are now more unclear, though MJ Acquisitions stated it will continue to produce service parts, performance accessories, and develop new products through its Speedlab department.

Saleen Inc., whose headquarters was moved from Irvine to Troy, Michigan last year, is still majority-owned by Hancock Park Associates, which also owns ASC Global. Following the sale of certain assets to MJ Acquisitions, the company stated it continued to seek a buyer for its sophisticated paint facility, the S7 supercar program, and the S5S Raptor concept program.

While Saleen Inc. CEO Chris Theodore stated in a press release regarding the sale, "This influx of new life into the Saleen, Racecraft and Speedlab brands is a win-win situation" and he continued to note that loyal Saleen customers, dealers and enthusiasts can look forward to an exciting transition period, he has now left the company.

Furthermore, various other assets, including the prototype Racecraft Focus RC2 are up for sale.

The Saleen Owners and Enthusiasts Club (SOEC) has confirmed that Saleen Inc. prepares to draft a formal communication regarding the company's inability to honor warranty claims, and SOEC will report the details online at http://www.soec.org/news as soon as they are made available.

SOEC, founded in 1991, is the premiere organization for Saleen owners and enthusiasts, with thousands of members worldwide.
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There is a hint that Saleen, Inc. still has a supply of parts coming in so those may be available for purchase. But this is dire news for our market which we share with Saleen. For instance, what is going to happen to the Saleen's on the dealer lots? What overflow will that have with our beloved Roush and Roushcharged cars in the future?

[aaholland]

this is somewhat worst then i thought but hipo cars and car makers come and go - when the $ is right this will resolve itself for saleen owners one way of the other. i would think the size of roush will stave off this sort of thing for sometime yet. NOW if jack roush quits! like saleen did then all bets are off.