Revstone Industries, the parent company of Saleen Performance Vehicles, announced today that it will no longer produce vehicles under the Saleen name, although it will continue to produce aftermarket parts through the Saleen Speedlab brand and honor warranties for all existing vehicles. The company cited the confusion and controversy with Steve Saleen's company, SMS Supercars, as the main reason for stopping production of Saleen-branded vehicles.
In a letter to their customers and dealers, SPV said the following:
The statement continues...
Over the past several years, we have witnessed a lot of confusion around the Saleen brand, due to a number of financial ups and downs and accompanying changes in ownership. The name itself has become the center of countless conversations and debates, detracting from the cars themselves, and from the culture of performance that they both embody and serve.
A representative for Saleen said that Revstone will continue to build performance Mustangs in the future, but the brand under which those vehicles will be produced is yet to be determined and will be announced at a later date.
Through our conversations with Ford Motor Company and one another, we have come to feel that those things have become overshadowed by questions surrounding the name. So we want to wipe the slate clean, and usher in a new era of American Muscle. We are confident that, in time, you will agree this was the right decision.
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[Source: Saleen Performance Vehicles]