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40Saleen says it's out of money, owes millions

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.

282015 Mustang-based Saleen S302 to boast as much as 640 hp

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.

36Saleen FourSixteen kicks the door open on Tesla Model S tuning

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

42Saleen turns its hand to Tesla Model S with mixed results

Tuning cars with internal-combustion engines is a bit of a known science. Tuning cars that run on electricity, though, is a newer proposition. In Saleen's case, that hasn't meant so much a modification of the electric motor on this Tesla Model S, as a thorough reworking of the car's aesthetics.

5eBay Find Of The Day: 1988 Saleen Ford Mustang General Tire 21R race car

Saleen may be making headlines these days for working on the Tesla Model S, but its history and bread-and-butter is all about the Ford Mustang. The rear-wheel-drive Dearborn pony cars singlehandedly put the company on the map in the '80s. Founder Steve Saleen was already a talented American racing driver when he started the venture, and like many auto industry businesses before him, Saleen went to the track to prove his vehicles' worth. Now, there's a chance to buy one of those early racers on e

40Saleen previews new 302 Mustang

The introduction of a new generation of a model like the Ford Mustang may be exciting enough in its own right for enthusiasts, but that's just the tip of the proverbial iceberg, because you know that Ford itself as well as numerous aftermarket tuners will soon follow up with even more desirable versions. And few Mustang tuners carry quite the same clout of Saleen.

25Saleen hints at tuning Tesla Model S

Saleen has been dropping breadcrumbs about its plans to develop a modified version of the Tesla Model S for a while now, and has finally released the first renderings that show off its changes to the electric sedan.

77Saleen Tesla Model S announced as tuner's first EV

Saleen has made its name on building some of the meanest modern muscle cars around, which was why it was so surprising when it announced in December that its next project will go electric. Has the famed pony car modifier lost its mind? Or is it right in thinking the performance potential of the Tesla Model S is too big to ignore?

7Saleen announces 'Electric Car Project' with very little detail

Saleen may not be the first company you think of when it comes to electric cars. Tire-smoking modified muscle cars, sure, but not so much with the electric cars. That could, however, be about to change.

25Saleen hints at upcoming 'S8' supercar

During the unveiling of its commemorative SA-30 models at the LA Auto Show, Steve Saleen mentioned that his company was working on the development of a new supercar as a followup to the 2000-2004 Saleen S7 (shown above).

19Saleen SA-30 Mustang, Camaro and Challenger help celebrate the big 3-0

After 30 years of tuning performance cars and building racecars, Saleen is celebrating its racing heritage with a limited-production car line called SA-30. Based on the Ford Mustang, Chevrolet Camaro and Dodge Challenger, Saleen will only build 10 of each SA-30 model at a base price of $95,000.

382,200-HP Saleen S7 is a goosebump generator on the dyno

What does more than 2,200 horsepower sound like? Any of us could guess that an output that gargantuan doesn't enter the world like a gentle breeze, but putting an actual voice to it could require some imagination. That is, unless you happened to have a video of a ridiculously tuned Saleen S7 going for broke on a dyno run.

212014 Saleen George Follmer Edition Mustang debuts at Laguna Seca

Saleen used the occasion of the race-fueled Rolex Monterey Motorsports Reunion at Mazda Raceway Laguna Seca to announce its new Heritage Collection Lineup. The event was punctuated with the debut of the collection's first member, the 2014 Saleen George Follmer Edition Mustang.

33Saleen 351 announced with 700 HP

With Steve Saleen back at the helm of his namesake automaker, another recognizable name is reappearing in the Saleen sports car lineup. As previewed by the above rendering at the LA Auto Show, the Saleen 351 returns after a 13-year absence with 700 horsepower under the hood – take that Shelby GT500.

21Saleen still keen to resurrect S5S supercar

There are many names you could associate with Mustang tuning, but few are as iconic as Steve Saleen. The American tuner extraordinaire made a name for himself tweaking the Ford muscle coupe under the Saleen brand until he left his own company to start SMS Supercars. But now that the two have been reunited, word has it that Saleen is moving ahead with plans to produce a new mid-engine exotic to follow in the footsteps of the famed S7.

39Steve Saleen reacquires Saleen name and brand

Steve Saleen is back to feeling himself again. That's because he's once again at the helm of the the marque that bears his name. As you may recall, the racer and performance part guru walked away from the Saleen brand empire he nurtured for 23 years back in 2007. The Saleen brand was then sold to MJ Acquisitions, along with the right to produce S Line and Racecraft Ford Mustang models. Saleen himself, meanwhile, went on to create SMS Supercars, which produced notable creations like the SMS 570 D

9SMS Supercars unveils 620 Camaro, auctions first example for charity at Barrett-Jackson

When Steve Saleen launched his new company, SMS Supercars, back in 2008, he announced that he would be expanding his portfolio of vehicles to include the muscle car offerings from Chevrolet and Dodge. First up was the 570 and 570X Challenger, followed soon after by the 302 Mustang.

19Saleen announces plans to stop building vehicles by end of 2011

2010 Saleen S281 – Click above for high-res image gallery

12Auction Action: Steve Saleen's pre-pro Ford GT up for grabs in Monterey

Steve Saleen's Ford GT Prototype – Click above for image gallery

29Quick Spin: 2010 Saleen S281 is the real deal with the wrong engine... for now

2010 Saleen S281 - Click above for high-res image gallery

90Video: Mercedes-Benz SLS AMG spits in the face of physics

Mercedes-Benz SLS AMG set to do the impossible – Click above to view the video after the jump

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