Saleen Car images

Saleen Car photo





Saleen S7 SilverMost of Saleen Inc. was bought by Michigan Group after the specialty car company’s recent fold up last November. A few months ago, the company’s future was all blurry with the dismissal and rehiring of its employees.

Saleen Inc.’s future is a little clearer today after the Michigan Group’s purchase. Late last year, Saleen’s performance street car program and supercharger was purchased by MJ Acquisitions. The deal included the aftermarket business in Los Angeles formerly owned by Hancock Park Associates.

Among the few of Hancock’s remaining properties include Saleen’s supercars: the S5 and S7 Raptor concept, and the Viper paint-shop operation.

For now, ASC, Saleen’s sister company, is also still under the management of Hancock. The terms of the sale with MJ Acquisitions were not disclosed to the public.

This year also saw the stepping down of Saleen President Chris Thedore from position. He is set to leave by the end of February, and is currently closing the sales of what’s left of Saleen, Inc.

A number of Saleen’s top executives already left the company last year. This downfall seems to have been initiated by the departure of Saleen’s founder in 2007.