Tag Archives: News

WHAT IS GOING ON WITH SALEEN AUTOMOTIVE

By: URIAH NAZARIO on August 21, 2015
Original Article: GEARHEADS.ORG

There seems to be a haze in the air when it comes to Saleen and what is happening to the iconic car company. Some think that the company is selling off the assets to their 15-year-old S7, and that this is a sign of the company having financial troubles and that it is soon to fold. Or that the company just isn’t what it use to be. So in order to clear things up, I drove out to tour their facility and see for myself what the heck was going on.

2015 Saleen 302 Black Label Supercharged
2015 Saleen 302 Black Label Supercharged

When I arrived at Saleen’s headquarters I was greeted by a welcoming staff that was more than happy to let me tour and question staff members as much as I wanted to. I questioned everyone from the mechanics wrenching on a Supercharger to their lead mechanical engineer, Steve Saleen and everyone else in-between. Here is what I found out.

Saleen S5S Raptor Concept
Saleen S5S Raptor Concept

The company is performance driven in every sense, in the fact that Mr. Saleen allows his team to use the latest in technology in order to achieve results. Use of 3D printing, carbon fiber, carbon ceramics on an industrial level as well as the latest in design and engineering software lead me to believe that we will see a heavy use of state-of-the-art racing components in cars to come. Sven the lead-engineer is an engineer with an engineering background with Porsche and Fiskar and has a knowledge of electrical components making me curious as if a KERS system may be supportive of the in house twin turbo mid-engine mayhem that is being constructed. A secured area where Saleen is currently working on an American Supercar was the only “off-limits” area I couldn’t poke my nose in. Although they wouldn’t allow my curious self to enter this restricted area, I did get to sit down and talk with Steve Saleen and his lead engineer Sven Etzelsberger about the project car and future projects.

Saleen S7 Competition
Saleen S7 Competition

Steve told me that his new project would bring the Supercar spotlight to America and his company would build a mid-engine car to rival anything on the road today. Now that is a bold statement that shows he is working on something legendary. Well guess what, legendary vehicles in this day & age take massive amounts of engineering, research and development especially when built in-house and all that comes at a price.

Yes the company needs funds, every company does and you have to not only raise capital to build such a monster but to also test it and perfect it and get through the litany of Californian “red tape.” The Saleen company has been troubled with financial woes and had a sort of corporate coup d’é·tat in the past just like every auto manufacturer, yet the company still remains to not only be in business but to be spearheading a successor to the iconic S7 with Steve back in the captain’s seat.

Here is the deal, I have grown up watching and drooling over Saleens and the S7 is one of my all time favorites. I want this company to not only maintain it’s legacy but to thrive. Am I biased, probably but it is because I have seen what this company can accomplish when given the benefit of the doubt. Steve Saleen has a very capable team with a long list of past accomplishments and stands for all things GearHead so yes I have to say that I wish the company well and hope to test out future cars the way his lead engineer and I did, when we stole Steve Saleen’s personal GTX and did burnouts in it. (Sorry Steve).


Uriah Nazario
If you are easily offended and like to comment about how your feelings are hurt then you won’t like my style of writing. I speak my mind (which is deranged) and yes it is often offensive. I am open for debate but not whining. I appreciate all my readers and hope my articles put a smile on your face.


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[Source: Gearheads]

SALEEN AUTOMOTIVE POSTS 2015 FIRST QUARTER RESULTS

CORONA, CA–(Marketwired – August 19, 2015) – Saleen Automotive, Inc. (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, 2015. 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 three months ended June 30, 2015 are summarized herein:

  • Revenue decreased to $1,591,989 for the quarter ended June 30, 2015 from $1,697,377 for the quarter ended June 30, 2014;
  • Gross profit increased to $340,164 for the quarter ended June 30,
  • 2015 from a profit of $265,892 for the quarter ended June 30, 2014;
  • Operating expenses decreased to $965,895 for the quarter ended June 30, 2015 from $1,869,641 for the quarter ended June 30, 2014;
  • Loss from operations decreased to $625,731 for the quarter ended June 30, 2015 from $1,603,749 for the quarter ended June 30, 2014;
  • Net loss for the quarter ended June 30, 2015 increased to $381,093, compared to a net income of $2,985,984 for the quarter ended June 30, 2014.

Net cash used in operating and investing activities were $31,366 and $8,811, respectively, for the three months ended June 30, 2015 compared to $1,423,194 and $210,159, respectively for the three months ended June 30, 2014. At June 30, 2015 we had cash on hand in the amount of $85,406. As discussed further in our current quarterly report on Form 10-Q filed on August 19, 2015, we will need and are currently seeking additional financing to fund our operations and development.

“Our financial results for the three months ended June 30, 2015 are coherent as we have finalized the majority of our development and engineering investment and successfully debuted all-new 2015 Saleen Black Label Mustang. This milestone, coupled with increase of our sales and distribution network is indicative that we have the foundation in place to progress past the introduction stage of the lifecycle for this product,” stated Steve Saleen, CEO, Saleen Automotive.

“With the 2016 model year approaching, I am seeing real forecasts not only for our current vehicles but also for the performance aftermarket segment that are exceeding my expectations,” added Steve Saleen. “These forecasts include not only Mustang owners wanting to add some Saleen parts to their already owned vehicles, but current Tesla Model S owners are also demonstrating their demand for the Saleen touch.”

Major Milestones from the period include:

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:

Facebook: https://www.facebook.com/Saleen

Company website: www.saleenautomotive.com

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.

CARS & COFFEE CORONA: EVERY SATURDAY @ SALEEN HQ

*** Beginning September 5th, 2015 ***

In cooperation with the City of Corona, Saleen Automotive presents Cars & Coffee Corona.

event_2015_cc-corona_flyer

WHEN:
Every Saturday
7 AM – 9 AM

WHERE:
Saleen HQ
2755 Wardlow Rd
Corona, Ca 92882

WHAT:
Casual car meet
* All makes and models welcome

Stay up to date @:
* facebook.com/carscoffeecorona
* Instagram @carscoffeecorona

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SALEEN PARTS AT AMERICANMUSCLE

By: SAM HAYMART on August 17, 2014
Original Article: THEMUSTANGNEWS.COM

On Mustang Minute, we all know the name Saleen, we know all about the cars – even Steve Saleen’s latest creation in the Black Label S302 Mustang. But what about the parts?

Announced at their big car show in Pennsylvania over this weekend, our friends at AmericanMuscle and Saleen have joined forces to distribute and inventory Saleen performance parts through AmericanMuscle.com.

Saleen parts have always been popular, especially their body packages, appearance parts, as well as wheels and suspension kits. But in the last decade or so, finding where to get them has been a challenge.

AmericanMuscle will be keeping an inventory of Saleen parts for your Mustang and can be ordered from them direct online now. And of course Saleen will continue to offer their parts through their own outlet.

As Steve Saleen says, “My goal has always been to provide our customers with the best service. By teaming up with American Muscle, we can now use their expansive network to provide customers with the best in performance and styling upgrades for their Mustangs.”

While a complete catalog of parts hasn’t yet been released the most popular Saleen items like wheels, body appearance, interior and exterior accessories are likely to be some of the first items made available.

Saleen Mustangs have always been a nice thing to own, but not everyone can afford one. Having built a Saleen replica myself once, I know for my own experience having a one stop shop for the parts is a very good thing.

This episode of Mustang Minute was brought to you by AmericanMuscle. You can find out more about their new offerings from Saleen at AmericanMuscle.com.

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[Source: The Mustang News]

2015 302 YELLOW LABEL (15-0018) HITS eBay

Price: Bid
VIN: 1FA6P8CF0F5363565
Year: 2015
Make: Ford
Model: Mustang
Sub Model: GT
Body Type: Coupe
Number of Cylinders: 8
Transmission: Manual
Exterior Color: Orange
Interior Color: Black
Mileage: 66
For Sale By: Phil Long Ford of Denver
eBay #: 361361447318

15-0018 302 Yellow Label
15-0018 302 Yellow Label
15-0018 302 Yellow Label
15-0018 302 Yellow Label

Description
This is a smoke-free automobile.There is no damage evident on this vehicle.This is a garage kept vehicle.The engine on this vehicle is running properly.This vehicle has no known defects.The exterior of this vehicle is extra clean.Extra clean interior. Absolutely no rips, odors or abuse.The tires on this vehicle appear to have no wear at all.The mileage represented on this vehicle is accurate.There are no signs of prior damage on this vehicle.There are no noticeable dings on the exterior of this vehicle.This vehicle has a smooth shifting transmission.All power equipment is functioning properly.

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12th ANNUAL BUCKEYE STANGS MUSTANG SHOW @ SUMMIT RACING

Event Date: JULY 25, 2015
Location: Summit Racing Equipment – Tallmadge, OH

2015 Summit Racing Mustang Show

2015 Summit Racing Mustang Show

2015 Summit Racing Mustang Show

2015 Summit Racing Mustang Show

2015 Summit Racing Mustang Show

2015 Summit Racing Mustang Show

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