Outgoing Saleen, Inc., CEO Chris Theodore confirmed for Inside Line on Tuesday that MJ Acquisitions has acquired some of Saleen's assets, including the supercharger, aftermarket and high-performance street vehicle business.
"I have to go on [to other things]," Theodore said. "I just wanted them to survive. It's going into the hands of good people. Two of the guys at MJ Acquisitions used to work with me at Chrysler."
The ownership of MJ Acquisitions controls a family of companies that provide full service engineering, design, manufacturing, assembly and control systems for the automotive industry, according to a company statement. The affiliated companies include Cyltec LLC, Power-Tec Engineering LLC, Arrow Racing Engines LLC and Control-Tec LLC.
Some bloggers reacted with anger to the sale. "Every time Saleen gets sold, the product is further diluted," wrote one on Saleenforums. "The last true Saleens that were produced were when Steve was with the company. You don't see Jack Roush or Carol [sic] Shelby seperated [sic] from their cars."
Theodore fired back at that comment by saying: "There's a group of fanatics that stick with the old Steve name. Do you even know if Steve wrote that?"
He added: "The best Saleens that ever went out were the Dark Horse model and the Sterling Edition. Those were the Extremes in 2009 — 620 horsepower and the best performing. With the Sterling Edition, we did 25 at $100,000 apiece and sold them out in 90 days. They have become a collector's item. The Dark Horse we're finishing off with 25 total, and it costs $90,000. It's got the supercharger with a Shaker scoop which is a future item for Saleen products. You'll see that on the 2010 Mustangs."
Theodore also confirmed that the purchase by MJ Acquisitions does not include the assets associated with the S7 and S5 Raptor vehicles or the paint operations. "The S7 and S5 Raptor are being actively marketed," he said. "I can't say who is interested."
http://www.edmunds.com/insideline/do/News/articleId=141288
"I have to go on [to other things]," Theodore said. "I just wanted them to survive. It's going into the hands of good people. Two of the guys at MJ Acquisitions used to work with me at Chrysler."
The ownership of MJ Acquisitions controls a family of companies that provide full service engineering, design, manufacturing, assembly and control systems for the automotive industry, according to a company statement. The affiliated companies include Cyltec LLC, Power-Tec Engineering LLC, Arrow Racing Engines LLC and Control-Tec LLC.
Some bloggers reacted with anger to the sale. "Every time Saleen gets sold, the product is further diluted," wrote one on Saleenforums. "The last true Saleens that were produced were when Steve was with the company. You don't see Jack Roush or Carol [sic] Shelby seperated [sic] from their cars."
Theodore fired back at that comment by saying: "There's a group of fanatics that stick with the old Steve name. Do you even know if Steve wrote that?"
He added: "The best Saleens that ever went out were the Dark Horse model and the Sterling Edition. Those were the Extremes in 2009 — 620 horsepower and the best performing. With the Sterling Edition, we did 25 at $100,000 apiece and sold them out in 90 days. They have become a collector's item. The Dark Horse we're finishing off with 25 total, and it costs $90,000. It's got the supercharger with a Shaker scoop which is a future item for Saleen products. You'll see that on the 2010 Mustangs."
Theodore also confirmed that the purchase by MJ Acquisitions does not include the assets associated with the S7 and S5 Raptor vehicles or the paint operations. "The S7 and S5 Raptor are being actively marketed," he said. "I can't say who is interested."
http://www.edmunds.com/insideline/do/News/articleId=141288
