KelseyS

I didn't see this posted on here yet, but I saw this in today's AutoBeat Daily:

"Specialty vehicle maker Saleen Inc. has hired investment bank William Blair & Co. LLC to advise the company on selling its operations.

The Troy, Mich.-based company expects to receive indications of interest from prospective buyers over the next two months and to complete a sale early next year. However analysts note that the credit crisis has slowed the pace of acquisitions to a crawl.

The economic downturn also has squeezed specialty carmakers. Saleen does subassembly work on Chrysler LLC’s Dodge Viper sports coupe, but the automaker has put the Viper business up for sale. Last year Saleen Inc. bought Southgate, Mich.-based ASC Inc. after the latter company, an automotive design and specialty carmaker, filed for bankruptcy."

TheB1GDude

Hmm interesting.... wonder if we could put a fund together with donations from all MF'ers and bail them out....

zporta

lets buy it

cannonball

It was never the same after Steve resigned, it was thanks to him that the UBB mustang was born I own him and Molly a lot .

snicksrolos

Time to start a Saleen fund! SAVE SALEEN!!!