Saleen Is Just Fine!

Saleen reps respond to our blog.

Just a day after we posted a blog about Saleen and possible financial problems, Carlos Duran contacted me. He was quick to say that the company was very healthy had an explanation to why the auctions. No one panic! Saleen is healthy. Here is a letter forwarded to me by Carlos. It was drafted to refute the negative rumors about the health of Saleen floating around the 'Net. They asked us to post it up.


To whom it may concern,

It has been brought to my attention that there are those who have noticed that we are auctioning vehicles and are using this as an opportunity to suggest that Saleen is going out of business.  Nothing can be further from the truth.

The truth is that in 2007 Saleen and ASC Incorporated came together as sister companies operating out of common facilities.  As a part of this transition there were a number of assets that existed between the two companies that were redundant and/or obsolete.  The result was wasted
warehouse space dedicated to materials that were not being utilized.  In other words, there was waste.  To deal with this issue, we elected to send these redundant materials to auction.   In our discussions with the auction company, it was suggested that we include some vehicles in the auction to
help attract interest from qualified buyers.  As we had some remaining 2008 inventory (as does our competition) we elected to oblige the auction house by putting a finite number of vehicles (20) into the auction.  These vehicles were purchased by Saleen and entered into auction as used
vehicles.  That is the reason for the auction.  Nothing more, nothing less.

As for that allegations that Saleen is going out of business:  Not more than four weeks ago we launched a new performance brand, Racecraft.  As a company we have invested and are continuing to invest in the marketing and
development of this new brand.  In just two short days, we will be debuting our next Racecraft vehicle, and the new 2009 MY Saleen products which we are launching currently.   In  three days we will be participating in the largest open air car show in the world, the Woodward Dream Cruise, showing nearly 20 Saleen, Racecraft, and ASC vehicles and announcing a brand partnership with Bridgestone for the development of future Racecraft products.  Now, I may not be the brightest guy, but I would guess that you don't make these kind of investments/announcements if you are planning on
closing your doors in a month.

I realize that there continue to be those who feel inclined to try to cast a negative light on our company, but you can rest assured that Saleen will shine through.  So to all concern parties I say if you don't believe the words, look at the actions.  To the nay sayer, I ask that you please find
something more productive to do with your time.  And to those who have had to manage these concerns, thank you for your support, and I look forward to seeing you at Woodward ave.

For more information visit Saleen or Racecraft Cars

Thank you

Marques McCammon, General Manager
Saleen - Automotive Division
1225 E Maple Road,  Troy, Michigan 48083