Saleen Automotive is best known for building hot numbers including countless tuned Ford Mustang muscle cars, and more recently, for offering a custom version of the Tesla Model S. Unfortunately, the company needs a huge infusion of cash even faster than its cars if it wants to stay on the road beyond the end of the year. In a new Securities and Exchange Commission filing, Saleen admits that its financial situation is dire, and it has just $7,261 in cash sitting in the bank as of September 30.
The Ford Mustang is obviously a famous performance vehicle in its own right, but it often works even better as a platform for the aftermarket to upgrade. With the all-new 2015 model just now hitting the scene, the famous tuners at Saleen are getting their improvements for the new pony car ready for the world. After recently teasing it, the specs for its fresh S302 model are officially here, along with a first look at it in profile.
Steve Saleen kind of shocked us when he announced that his company was working on an electric car late last year with no solid details to speak of. It just seemed like a complete about-face from the big muscle Ford Mustangs and supercars Saleen had built its reputation on. If anything, it was even more surprising when the business revealed that the new model would be a tuned Tesla Model S to be dubbed the FourSixteen. We finally got a glimpse of it during Monterey Car Week, and while the sedan's