zanis520 Posted November 10, 2008 Report Share Posted November 10, 2008 from leftlanenews.com: It seems like every day there is some headline involving the economic downturn and at least one of the major automakers, but very rarely is there anything on the smaller manufacturers. But even the little guys are feeling the economic strain, with Saleen recently announcing that its operations are up for sale. Saleen is best known for tuning Ford products, but also produces the S7 supercar and has plans to produce the S5S concept shown at last March’s New York Auto Show. In addition to working on its own creations, Saleen also built the GT for Ford and has a hand in the production of the Dodge Viper. The automaker has been in a bit of turmoil since Hancock Park Associates purchased a majority stake in Saleen in 2004, which ultimately lead to the departure of Steve Saleen, the company’s founder. High gas prices and the recent economic downturn have further eroded the business, leading to the ‘For Sale’ sign in Saleen’s front yard. According to Automotive News, Saleen’s board is hoping for a quick sale, with a time table for a signed deal set for early next year. Saleen isn’t wasting any time getting the ball rolling as it has already sold 20 Ford Mustang GTs, office equipment and factory equipment at auction. Quote Link to comment Share on other sites More sharing options...
mcmahan Posted November 10, 2008 Report Share Posted November 10, 2008 wow that concept car has a hefty price Quote Link to comment Share on other sites More sharing options...
slammedbowtie Posted November 11, 2008 Report Share Posted November 11, 2008 looks like a ferrari. so viper might sell, saleen might sell, dodge might sell. gosh whats going on here? Quote Link to comment Share on other sites More sharing options...
SSThunder Posted November 11, 2008 Report Share Posted November 11, 2008 looks like a ferrari. so viper might sell, saleen might sell, dodge might sell. gosh whats going on here? I think the goverment is going to help out chevy & ford. I'm not sure about the rest. They need to help them out because these companies employ so many people it would really hurt our economy if they both went under. Did you guys hear about Circuit City going under? They are a major store around these parts so it sucks to see them go. Quote Link to comment Share on other sites More sharing options...
Oo p0op oO Posted November 11, 2008 Report Share Posted November 11, 2008 Did you guys hear about Circuit City going under? They are a major store around these parts so it sucks to see them go. i drove by the circuit city a few miles from my house yesterday...parking lot was packed and had a big banner that said "close out sale" Quote Link to comment Share on other sites More sharing options...
Jond983 Posted November 11, 2008 Report Share Posted November 11, 2008 i drove by the circuit city a few miles from my house yesterday...parking lot was packed and had a big banner that said "close out sale" i jsut left circuit city they told they filed for bankrupcy but will stay open through the holiday season Quote Link to comment Share on other sites More sharing options...
SSThunder Posted November 11, 2008 Report Share Posted November 11, 2008 i drove by the circuit city a few miles from my house yesterday...parking lot was packed and had a big banner that said "close out sale" I'll keep my eyes open for that around here. I like low...low prices. Sucks though to see another company going under. Quote Link to comment Share on other sites More sharing options...
FireRescueSS Posted November 11, 2008 Report Share Posted November 11, 2008 Saleen will have company very soon me thinks. Don't think it'll sell so quickly either. But, who knows. Fuel costs have gone down significantly lately. Quote Link to comment Share on other sites More sharing options...
redrocker Posted November 11, 2008 Report Share Posted November 11, 2008 from leftlanenews.com: It seems like every day there is some headline involving the economic downturn and at least one of the major automakers, but very rarely is there anything on the smaller manufacturers. But even the little guys are feeling the economic strain, with Saleen recently announcing that its operations are up for sale. Saleen is best known for tuning Ford products, but also produces the S7 supercar and has plans to produce the S5S concept shown at last March's New York Auto Show. In addition to working on its own creations, Saleen also built the GT for Ford and has a hand in the production of the Dodge Viper. The automaker has been in a bit of turmoil since Hancock Park Associates purchased a majority stake in Saleen in 2004, which ultimately lead to the departure of Steve Saleen, the company's founder. High gas prices and the recent economic downturn have further eroded the business, leading to the 'For Sale' sign in Saleen's front yard. According to Automotive News, Saleen's board is hoping for a quick sale, with a time table for a signed deal set for early next year. Saleen isn't wasting any time getting the ball rolling as it has already sold 20 Ford Mustang GTs, office equipment and factory equipment at auction. Quote Link to comment Share on other sites More sharing options...
redrocker Posted November 11, 2008 Report Share Posted November 11, 2008 Hey there guys, are you talking about his new co. called SMS??? or the saleen co. he sold years ago His new web site is sms.com or sms limited.com Quote Link to comment Share on other sites More sharing options...
KJT13 Posted November 11, 2008 Report Share Posted November 11, 2008 i jsut left circuit city they told they filed for bankrupcy but will stay open through the holiday season followed by a complete restructuring of the brand. no CC stores in New England are in danger of closing according to the news. sucks about Saleen as well. Quote Link to comment Share on other sites More sharing options...
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