egmCarTech

Saleen Inc., has modified over high-performance 8,000 Mustangs since its inception in 1983. However, the tuner and creator of the S7 said in a statement that it has hired an investment bank to explore options to sell the company as early as next year.

According to Automotive News, a sale could be tough in a market with tight credit and where a drop in auto sales, specialty companies have been suffering. Not to mention that Chrysler is selling one of Saleen’s major sources of revenue, the Dodge Viper.

Company founder Steve Saleen quit Saleen Inc. in 2007. We’re just worried because we really want to see the S5S Raptor go into production.

   

     

Related Posts:

1. Saleen and SMS announce 2010 Signature Series SMS 460 Mustangs
2. Rent a Saleen S7 for $4,000 a day
3. Saleen says the S5S Raptor has the potential for production
4. 2008 NY Auto Show Preview: Saleen S5S Raptor Concept, E85 ethanol V8
5. Saleen gets fined $700k for selling uncertified cars