PHOTOS: Car Stereo Review | September/October 1991
89-0107 Saleen Mustang
In the world of limited edition production automobiles; unusually equipped vehicles can exist through a myriad or reasons. Such as a deletion of options, a shortage of parts, or even a change in suppliers. Any scenario creating a variation of equipment from car to car. Abnormalities can also happen by way of unusual, non-standard exterior and trim colors by “special request” from the original order.
When we view Saleen Mustang production from 1984 through 1993; we see an allotment of standard issue exterior and interior colors with each model year as well as recommended color combinations for paint, decals and wheel finish. These recommendations for hues were generally accepted by most customers; though a few buyers went away from these Saleen color charts to create one-off vehicles without equal.
From what we know, Saleen produced nine Mustangs between 1984 through 1989 that featured a solid red interior. (For the sake of this story, we are ignoring the 1986-91 convertibles that were optioned with the red/white Ford leather option.)
When we examine these solid red interior cars, most were produced for the 1988 model year in the hatchback body style.
During the 1989 model year, Saleen Autosport produced 892 serialized Mustangs. Of these, 167 were convertibles. As of this writing 51 units are known to be painted black.
Of the 51 black convertibles:
*36 units had Smoke color interior
*11 units had Sand Beige interior
*3 units are believed to have white tu-tone color mixes of Ford leather
*1 unit had Scarlet Red interior
89-0107 Saleen Mustang
The lone 1989 convertible with solid Scarlett Red interior is serial number 89-0107. Produced during October 1988, this early ’89 Saleen Mustang was equipped with grey ARE wheels with an exterior graphic delete. This Mustang was one of eight black convertibles for the model year to feature side graphic delete as well as one of 40 black convertibles to be equipped with a black roof.
One unique feature of 89-0107 is the Bittersweet Red painted side pin stripe applied by Ford. Typically these painted stripes, when applied during the aero era, matched the main interior color. Saleen Mustangs produced in 1984, 1985, 1988 through 1990 will tend to have these stripes most often. Exceptions being GT conversions, SSC and SC. -DB
CORONA, CA–(Marketwired – Aug 18, 2014) – Saleen Automotive, Inc. (OTCQB: SLNN), (OTCBB: SLNN) (the “Company”), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, debuted its highly anticipated all-electric Tesla Model S based vehicle “The FOURSIXTEEN” at the 2014 Pebble Beach Concours d’Elegance this past weekend. The Saleen FOURSIXTEEN boasts an array of features that make the vehicle faster, more stylish with an improved ride while maintaining Tesla Motor’s remarkable mileage efficiency.
“We have used all the experience and ingenuity in our collective acumen to create a truly exceptional Tesla Model S in our new FOURSIXTEEN,” stated Steve Saleen, CEO, Saleen Automotive. “By dramatically improving the aerodynamics, suspension, braking, and drive train we are able to create a car that accelerates quicker with vastly improved handling. It is truly exceptional.”
“I think that we have also raised the bar significantly with styling and improved interior that are worthy of the Saleen moniker,” added Saleen.
“I believe we’ve honored Tesla Motors with our enhancements and we look forward to many years of creating new and amazing Saleen Tesla FOURSIXTEENS that blend Tesla’s groundbreaking innovation with Saleen’s racing pedigree and decades of automotive performance,” said Saleen.
MSRP for the FOURSIXTEEN model is set to start at $152,000 for the complete vehicle, which includes the base P85Model S sedan. This is priced before existing state and federal EV incentives which can range from $7,500 to $15,000 depending on the buyers state (i.e. A California resident would pay $142,000.00).
Warranties are also included on all new Saleen vehicles, components, and labor. Each newly purchased Saleen FOURSIXTEEN will include a 4-year / 50,000 mile warranty to match the manufacturer backed limited warranty.
Purchases for this all new electric vehicle can be placed by contacting Saleen directly for an expedited ordering process of the Saleen FOURSIXTEEN. Orders are now being taken for the FOURSIXTEEN with delivery 6-8 weeks following order confirmation and receipt.
A full list of the Saleen Tesla FOURSIXTEEN’s specifications and photographs is available at the following link:
About Saleen Automotive, Inc.
Saleen is an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel. Founder Steve Saleen has continually set the bar for automotive design and performance engineering in both street and racing applications. Saleen plans to utilize its existing strategic partnerships and dealer network to refine its design and engineering prowess, continue development of emerging automotive technologies, and expand its presence nationwide with a combination of automotive retail services, aftermarket parts and new vehicle sales to build significant long-term value. Learn more at www.saleenautomotive.com.
CORONA, CA–(Marketwired – Aug 14, 2014) – Saleen Automotive, Inc. (OTCBB: SLNN) (OTCQB: SLNN) (the “Company”), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to provide the market with its results for the three months ended June 30, 2014. The Company’s full report on Form 10-Q is available in its entirety at http://edgar.sec.gov/.
Key financial results of operations for the quarter ending June 30, 2014 are summarized herein:
Revenue rose 91 percent to $1,697,377 for the quarter ended June 30, 2014 from $889,904 for the quarter ended June 30, 2013;
Gross margin increased 319 percent to $265,892 for the quarter ended June 30, 2014 from $63,462 for the quarter ended June 30, 2013;
Operating expenses decreased five percent to $1,869,641 for the quarter ended June 30, 2014 from $1,977,855 for the quarter ended June 30, 2013;
Loss from operations declined to $1,603,749 for the quarter ended June 30, 2014 from $1,914,393 for the quarter ended June 30, 2013;
Net income for the quarter ended June 30, 2014 was $2,985,984, compared to a net loss of $2,443,244 for the quarter ended June 30, 2013. Excluding the impact of a non-cash gain of $5,032,789 from the extinguishment of a derivative liability, net loss decreased $306,677 to a net loss of $2,046,802 for the three months ended June 30, 2014 from a net loss of $2,443,244 for the three months ended June 30, 2013.
“I’m very pleased with this quarter’s results, as our solid execution and expense discipline allowed us to deliver increased sales while lowering costs and improving the bottom line,” stated Steve Saleen, CEO, Saleen Automotive. “This improvement along with our engineering team’s development of several new product initiatives including our first ever electric vehicle product, the Saleen Tesla S, and the upcoming 2015 Saleen Mustang, which is arguably the boldest Saleen Mustang ever, is designed to position Saleen for continued growth and expansion.”
“As we continue down the road in fiscal 2015, we are focused on aligning our resources to strategic investments that we believe will deliver the next wave of innovation, growth, and long-term shareholder value,” added Saleen.
Milestones from the period include:
Released renderings for the new 2015 Saleen Mustang
Tested the Saleen Tesla S at Buttonwillow Raceway
Appointed Joe Amato, legendary Top Fuel driver and businessman, to Saleen’s Board of Directors
All the above events can be read in their entirety by looking under the news feed for SLNN. Saleen uses the following outlets to provide updates from time to time to the public regarding its business and operations:
About Saleen Automotive, Inc.
Saleen is an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel. Founder Steve Saleen has continually set the bar for automotive design and performance engineering in both street and racing applications. Saleen plans to utilize its existing strategic partnerships and dealer network to refine its design and engineering prowess, continue development of emerging automotive technologies, and expand its presence nationwide with a combination of automotive retail services, aftermarket parts and new vehicle sales to build significant long-term value. Learn more at www.saleenautomotive.com.
Saleen Automotive to Unveil the Saleen Tesla Electric Performance Sedan
Sunday, August 17, 2014 at Pebble Beach
CORONA, CA–(Marketwired – Aug 13, 2014) – Saleen Automotive, Inc. (OTCQB: SLNN) (OTCBB: SLNN) (the “Company”), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, will unveil its highly anticipated all-electric Tesla Model S based vehicle, “The FOURSIXTEEN,” at the 2014 Pebble Beach Concours d’Elegance. Spectators, Automotive Enthusiasts, and Media will all have access to preview the new Saleen vehicle during the Sunday, August 17th event. Additional details and images will be released shortly following this first ever viewing. As a first time public unveiling, the new Saleen vehicle will be on display on the Concept lawn.
“We are eager to showcase the results of the tremendous effort of my team at Saleen Automotive, culminating in what I believe is a truly exceptional all-electric vehicle that stands on the shoulders of the Tesla’s innate excellence yet displays the Saleen heritage for which we are known,” stated Steve Saleen, CEO, Saleen Automotive.
About The Saleen FOURSIXTEEN Tesla Model S
The Saleen FOURSIXTEEN concept is the first all-electric model by American supercar manufacturer Saleen Automotive. Utilizing the famed Tesla Model S, Saleen has artfully and technologically crafted a remarkable example of an electric drive supercar sedan. Drawing on the same American exotic heritage that inspired the Saleen S7 supercar; the Saleen FOURSIXTEEN Model S details a comprehensive list of aerodynamic, performance and technological upgrades.
For more information and updates regarding Saleen Automotive visit the following online locations:
About Saleen Automotive, Inc.
Saleen is an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel. Founder Steve Saleen has continually set the bar for automotive design and performance engineering in both street and racing applications. Saleen plans to utilize its existing strategic partnerships and dealer network to refine its design and engineering prowess, continue development of emerging automotive technologies, and expand its presence nationwide with a combination of automotive retail services, aftermarket parts and new vehicle sales to build significant long-term value. Learn more at www.saleenautomotive.com.
2011 Ford Saleen Brenspeed S302 Mustang Ford VIN: 1ZVBP8CF7B5130864 Saleen ID: 11-0001-DR
To be offered on Saturday, August 30, 2014
11-0001DR S302 Brenspeed
Estimate : $65,000 – $85,000
Saleen Mustang #DR1 –The Prototype, Only 4,500 Miles from New, Supercharged V-8 Engine with 650+ Horsepower, Charity Car with Proceeds Being Donated by Brenspeed to the Next Gen Education Program
The original Ford Mustang debuted on April 17, 1964. Ford originally expected 100,000 units a year to sell, as it was deemed a revolution in design and appearance. Ford was inundated with interest, as well as orders, for these benchmark cars, and by the end of first day they had already taken 22,000 orders! An astounding 417,000 units were produced in the first year alone, and exceeded one million units by the end of the second year.
Ford had created a modern day monster, and being offered in many guises from coupes to fastbacks and also convertibles. Ford’s stance on the Mustang was to also create a pedigree, something the spirited drivers amongst us would enjoy. So, to air their opinion, they campaigned the Mustang as the Official Pace Car at Indianapolis in 1964; the crowds loved it.
For some, though, the Factory Stock cars were still not special enough and a gap in the market led to specialized tuning companies plowing the way forward with special builds to give a “Track Experience” through a driving set up that could also haul the groceries home as well. Many bespoke tuning companies have been conceived over the years but one name stands out in these modern times – “Saleen”.
The car you see before you is very special indeed. The serialized 2011 Saleen Drag Racer #1 was built by Saleen & Brenspeed for marketing purposes. It was to show the capability of the Saleen Mustang with upgrade options much beyond the standard Saleen Mustang typically available, yet it carries a Saleen tagged serial number.
This car should be a Saleen collectors dream. If you want something rare, this is it. Brenspeed has been initiating Saleen’s mechanical upgrades for a number of years now and has made a name for themselves in the marketplace as one of the leading tuning companies. Many have tried to create fast and competitive Mustangs over the years but their attention to detail, research, and development, has led them to create some of the most well known and prolific Mustangs in the world today.
With a Forged Supercharged 302 TI-VCT with steel crank and upgraded rods and pistons, the motor got the best of everything. The car’s concept was to push the boundaries but yet maintain reliability, which was not always associated with higher horsepower cars. Brenspeed installed a 2.4 litre Twin-Screw supercharger to obtain the power required for the project, this Supercharger was only ever fitted to two Saleens and never went into production as its cost was deemed too expensive by its peers, thus creating a true “Prototype” Mustang. When Shelby was only using a 1.9 litre unit on their cars, you can understand how much more powerful #DR1 really is.
The brakes were upgraded as well as the exhaust system. Axles and gearing were also modified to take the extra power. In fact, no stone was left unturned with this very special car. As with most cars of this racing pedigree, the cabin area is not set for comfort, but this car received bespoke Carbon Fiber Buckets wrapped in leather and, with its exterior finished in Ingot Silver Metallic wearing its 20 Saleen Alloy wheels, we are sure you’ll agree this is one handsome vehicle.
This is a truly special car, a prototype, a Sunday car for cruising and an animal at the race track if the mood takes you. It has covered a mere 4,500 miles since its completion and has been housed in the main foyer of Brenspeed’s Indiana Headquarters. Offered without reserve, with Brenspeed donating the proceeds to the Next Gen Education Program, this car will undoubtedly be the charitable highlight of the evening.
Shares of SALEEN AUTOMOTIVE INC (OBB:SLNN) hit a new 52-week Low today, currently trading at $0.1041 on volume of 55,590 shares.
In the past 52 weeks, SALEEN AUTOMOTIVE INC has traded between a low of $0.11 and a high of $0.79 and is now trading 87% below that high.
SALEEN AUTOMOTIVE INC shares have a 50-day moving average of $0.15695 and a 200-day moving average of $0.30301.
About SALEEN AUTOMOTIVE INC: Saleen Automotive Inc designs, develops, manufactures and sells high performance vehicles built from the base chassis’ of Ford Mustangs, Chevrolet Camaros, and Dodge Challengers.
Whitefish, MT / July 7, 2014 / Saleen Automotive Inc. (OTC: SLNN), an American specialty manufacturer of high performance vehicles, technical performance parts, and lifestyle accessories, recently reported FY 2013 revenue that increased 96% to $5,279,887 and gross profit from vehicles and parts that increased 563% to $748,378, signaling an ongoing turnaround in its financial performance.
At the same time, the company announced the release of the Saleen Tesla S, began selling its performance vehicles in China, signed an agreement with BASF (OTC: BASFY) to utilize its state-of-the-art color technology, and appointed legendary Top Fuel driver Joe Amato to its Board of Directors. These efforts set the stage for significant growth over the coming year by increasing revenue opportunities.
Tesla’s Growth
The importance of these milestones is underscored by Tesla Motors Inc.’s (NASDAQ: TSLA) recent announcement that it expects to deliver about 7,500 Model S vehicles in Q2 as it moves towards its goal of more than 35,000 Model S deliveries in 2014. After beginning with just 53 deliveries to China in April, the company quickly ramped up to an estimated 1,200 deliveries during the second quarter.
The Saleen Tesla S could capture a portion of the growing market given its unique design and performance characteristics. Since many Tesla buyers are already high-end buyers, the Saleen version of the iconic electric vehicle could accelerate sales as the market takes notice. The impact of these sales could become increasingly apparent over the coming quarters as they are reflected in the financial statements.
China Exposure
China’s car-buying market has been on the rise over the past few years, as an increasing number of Chinese citizens join the middle class. According to McKinsey & Company, the country’s car market will grow ten-fold between 2005 and 2030, yielding the world’s largest car market by a wide margin, while the number of registered cars is expected to reach 200 million by 2020.
Figure 2 – Chinese Car Sales – Source: Wall Street Journal
Saleen Automotive’s distribution agreement with GreenTech Automotive to distribute its full line-up of vehicles within China could prove to be an exceptional move by management. Beginning in Spring 2014, the company’s high-performance vehicles were put up for sale within the country, which means that shareholders could begin seeing the fruits of those labors in FY 2014 and beyond.
Upcoming Releases
Saleen Automotive plans to continue its aggressive release schedule with the introduction of the 2015 Saleen 302 Mustang. With this year being the 50th anniversary of the iconic Ford (NYSE: F) Mustang’s release, enthusiasts have been provided this week with a first look at the all-new Saleen Mustang model, which is the first major Mustang redesign since 2005. Management plans to unveil additional details and specifications as production draws closer.
“With this model being the first major Mustang redesign since 2005, we took this as an opportunity to push the limits in both design and performance,” said the company when releasing the photo. “We feel this latest Saleen Mustang model is perfectly positioned as the next American exotic, campaigning on the world stage.”
Recently, USA Today published a story covering the photo release calling Steve Saleen “one of the best in the business” and outlining some of the changes that could be expected in the new Mustang model.
Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx
Source: Emerging Growth LLC
Source: Accesswire IA (July 7, 2014 – 12:46 PM EDT)
