Saleen Inc. Warranties In Jeopardy
 

Seems Saleen Inc. may no longer be honoring warranties on cars, parts or service, with a formal announcement coming soon at http://www.soec.org/news

Awesome news. I have a $60k car with around 2000 miles and appears that I am going to lose my warranty. Haha, nice.

/sarcasm

Looks like it's time to mod.

Just the way I feel.

I did a little bit of research on warranties and bankruptcy. This little article sets the basics out nicely. The key word is "executory contract", and this article sets that out nicely.

As far as I can see, the only way for a company to stop servicing warranties is by declaring bankrupcy - in which case, we will all become creditors. I think we need to get organised on this and get a Banrupcy Lawyer to act on behalf of existing Warranty Holders...

Chris.

Saleen Inc got rid of their assests already. HP cut Saleen Inc loose. From what I heard straight from the person handling the issue....is very soon Saleen inc will be done filing bakruptcy.

How do I know....I am owed planty of money from Saleen Inc since 08/2008. I got a hold of accounting 2 weeks ago and was given the number to the firm handling the creditors. Well, the lady in charge is Jaime and she told me the entore situation. Basically, no one will be paid, Saleen Inc has $0 and 0 things in the name. So there is nothing to go after.

I am no way saying not to pursue a lawsuit, I am not a lawyer and I am not giving advice. Just telling you what I have been told.

It will be very interesting to see what happens....I feel bad for Saleen owners, employees and all the vendors that have been screwed by Saleen Inc. People who have put hard earned hours in and never got paid. Really sucks!

The only way they can do that is by filing bankruptcy. Otherwise, as pointed out by someone else, they'll be spending time in court. It's really too bad, they have good products and I was seriously considering their SC. Personally, I wouldn't choose a SC if there is no manufacturer to stand behind it.

Lets hope this is a rumor and/or something gets worked out.

LOL..if you read that article over at SOEC, that definitely is NO rumor.

Thank God my car is an 06, and had little time left on the warranty anyways.

I feel for you guys with 07's and 08's.

If Saleen cars were in danger of not being produced before this little gem of an announcement, it certainly is the death blow to any future car sales in this economy.

What if you need Saleen exclusive parts for your car down the road? They built fifty seven 08 Saleen Extremes what if you need a part for one?

I'm no lawyer either, and obviously this is all hypothetical, but SI *had* significant assets at one point. If they got money from the deal with MJ, it must have gone somewhere. If they just gave away the assets - well, I think a bankruptcy court will have a legitimate claim against MJ...

Anyway, a mess to be sure, and the only ones likely to profit from the whole thing are the lawyers... There must be a significant number of people out there with existing Saleen warranties, I wonder if we can find a Bankruptcy Lawyer to handle us as a "class", so we don't have to each go and talk to a lawyer...

Has anyone called Saleen/MJ for a warranty issue today?

Chris.

When I bought my 06 E car I figured a year was crap. Now it seems people will even have less than that.