• Nov 9th 2008 at 11:34AM
  • 12
Saleen is much more than just hot-rodded Mustangs and S7 supercars, and now, it's also for sale. Founder Steve Saleen departed in 2007, deciding that it might be more interesting to try and import a Chinese pickup truck for Chamco, and starting up a new performance company, SMS. Saleen's eponymous company does work for automakers; the company built the Ford GT and Dodge's Viper gets its paint and some subassembly work at Saleen, too. Saleen's board has hired an advisor to investigate what level of interest there might be from potential buyers. Recent economic developments aren't going to make it an easy sale, but Saleen would like to sell itself by early 2009.

[Source: Auto News - sub req]

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    • 1 Second Ago
      • 6 Years Ago
      The performance level of many of today's cars is beyond that of most drivers. Supercar performance even more so. So most of those cars are not sold for what they can actually do, but for their image.
      Judged that way, the S7 was doomed. I suspect Steve Saleen knew that.
      • 6 Years Ago
      Odd how autonews has had this on that link all day:

      "Automotive News is currently experiencing technical difficulties, and is unable to deliver the article you have clicked on.

      Our developers are working on this issue, and it should be fixed shortly.

      We apologize for the inconvenience"

      either way good on Mr Saleen to get out in time
      • 6 Years Ago
      What a slut!
      • 6 Years Ago
      I have to think it would make a little bit of sense for Steve Saleen to buy it back, if not just to take his name off of someone else's property, if the company is too far gone.

      It seemed suspect to me that Saleen would quit his own company, with a lot of market awareness, only to start up a different company, SMS, doing similar things.

      I hope he regains control of his namesake company.
      • 6 Years Ago
      Has anyone been to that Saleen store? They have a Mustang cut in half lengthwise, so you can walk through it and see the insides of the drivetrain, etc.

      They also sell paper license plate inserts (like the ones from the dealership that come with a new car) that say Saleen on them. They cost $2.
      • 6 Years Ago
      Wish I was loaded, I'd buy it in a heartbeat.

      What about Jay Leno? Maybe he could buy the brand? I think it would be kind of cool if Saleen added on the ability to make electric cars. Take Mustangs and other sports cars and convert them to electric...I think they would sell well.
      • 6 Years Ago
      Maybe they spent too much money buying Steve out, and now they are out of cash. Maybe as has been suggested before, SMS will buy them, and then Steve will have a part in the company that bears his name.
      • 6 Years Ago
      This has been on its way for a very long time. Steve Saleen ran the company into the ground very well. Saleen was bleeding over 18 Million a year when he was there.

      Paul Wilbur and his team slowed the bleed a little but I think to much damage was done, not to mention the current financial enviroment.

      It's a shame the shape that the company is in. I for one would have loved to see the S5 go to production.
      • 6 Years Ago
      I miss that job. Hope things turn around for them.