joesgt281
Member
From the folks at Saleen Club of America:
---------------
We received the following Press Release today from Saleen Inc.
Cars will continue to be built under the Saleen Brand and new models will be added including the Racecraft, will now be Saleen Racecraft.
The new President and CEO will be Mike Shields and Head of Sales Jeff Clark & Michael Timarac.
More information will be posted on our forum as it develops.
__________________________________________________________
Troy Michigan, February 2, 2009: MJ Acquistions has announced the acquisition
of certain assets of Saleen Incorporated, America’s premier automotive lifestyle
brand, relating to Saleen’s supercharger, aftermarket and high performance
street vehicle business. The purchase does not include the assets associated
with the supercar (S7 or S5 Raptor vehicles) or the paint operations, which will
remain with Saleen Incorporated. The terms of the deal were not disclosed.
The ownership of MJ Acquisitions controls a family of companies which provide
full service engineering, design, manufacturing, assembly and control systems
for the automotive industry. It’s affilitated companies include Cyltec, LLC, Power-
Tec Engineering, LLC, Arrow Racing Engines, LLC, and Control-Tec, LLC.
“MJ Acquisitions and its affiliates are a group of true car professionals with vast
experience in the engineering, production, assembly and distribution of
performance and racing vehicles� said former Saleen Incorporated President
Chris Theodore. “This influx of new life into the Saleen, RaceCraft and SpeedLab
brands is a win-win situation.�
Theodore noted loyal Saleen customers, dealers and enthusiasts can look
forward to an exciting transition period.
“We moved on this purchase quickly to ensure that the process of delivering
high-quality automobiles and components to the consumers is not disrupted,�
said Mike Shields, President and CEO of MJ Acquisitions. “We are working with
the talented team from Saleen and our own experts to continue the quality,
delivery, and performance the customer base and delalership network have
come to expect from the Saleen brand. I am particularly excited about Saleen’s
supercharger experience and its synergies with Power-Tec’s development of the
next generation of superchargers�.
Immediate plans are to roll out the 2010 version of the newly designed Mustang
for the Racecraft brand and commence other Racecraft designs for additional
vehicles. Additionally, the Saleen brand will have a new design of the flagship S-
Line that is in the works and scheduled for release in the third quarter.
MJ Acquistions plans to gather input from the dealer network and representatives
to establish the future product line. More announcements will be forthcoming.
Inquires should be directed to:
Central and Western Region Michael Timarac at (949) 307-5801
North and Southeast Region Jeff Clark at (949) 836-6795
Charlie Smith, President
Saleen Club of America
http://www.saleenclubofamerica.com
---------------
We received the following Press Release today from Saleen Inc.
Cars will continue to be built under the Saleen Brand and new models will be added including the Racecraft, will now be Saleen Racecraft.
The new President and CEO will be Mike Shields and Head of Sales Jeff Clark & Michael Timarac.
More information will be posted on our forum as it develops.
__________________________________________________________
Troy Michigan, February 2, 2009: MJ Acquistions has announced the acquisition
of certain assets of Saleen Incorporated, America’s premier automotive lifestyle
brand, relating to Saleen’s supercharger, aftermarket and high performance
street vehicle business. The purchase does not include the assets associated
with the supercar (S7 or S5 Raptor vehicles) or the paint operations, which will
remain with Saleen Incorporated. The terms of the deal were not disclosed.
The ownership of MJ Acquisitions controls a family of companies which provide
full service engineering, design, manufacturing, assembly and control systems
for the automotive industry. It’s affilitated companies include Cyltec, LLC, Power-
Tec Engineering, LLC, Arrow Racing Engines, LLC, and Control-Tec, LLC.
“MJ Acquisitions and its affiliates are a group of true car professionals with vast
experience in the engineering, production, assembly and distribution of
performance and racing vehicles� said former Saleen Incorporated President
Chris Theodore. “This influx of new life into the Saleen, RaceCraft and SpeedLab
brands is a win-win situation.�
Theodore noted loyal Saleen customers, dealers and enthusiasts can look
forward to an exciting transition period.
“We moved on this purchase quickly to ensure that the process of delivering
high-quality automobiles and components to the consumers is not disrupted,�
said Mike Shields, President and CEO of MJ Acquisitions. “We are working with
the talented team from Saleen and our own experts to continue the quality,
delivery, and performance the customer base and delalership network have
come to expect from the Saleen brand. I am particularly excited about Saleen’s
supercharger experience and its synergies with Power-Tec’s development of the
next generation of superchargers�.
Immediate plans are to roll out the 2010 version of the newly designed Mustang
for the Racecraft brand and commence other Racecraft designs for additional
vehicles. Additionally, the Saleen brand will have a new design of the flagship S-
Line that is in the works and scheduled for release in the third quarter.
MJ Acquistions plans to gather input from the dealer network and representatives
to establish the future product line. More announcements will be forthcoming.
Inquires should be directed to:
Central and Western Region Michael Timarac at (949) 307-5801
North and Southeast Region Jeff Clark at (949) 836-6795
Charlie Smith, President
Saleen Club of America
http://www.saleenclubofamerica.com