Sunday, November 16, 2008

Saleen Automotive up for sale

2006 Saleen S281 3-ValveImage via WikipediaSaleen 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.



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