Looks like Saleen is about to go belly up

[John -- '02 HAWK]

http://jalopnik.com/mustang-tuner-saleen-says-it-owes-millions-of-dollars-1661373045

"Saleen Automotive, creator of crazy Mustangs and the gorgeous Saleen S7 supercar, is in a bad way. According to its own quarterly earnings report the company is getting sued by its bank, it owes its law firm money, it's resorted to paying contractors in stock, it's looking for a buyer, and, as of September 30th, 2014, it only has $7,261 in cash left."

There is more in the link

[03mustangdude]

Wow

[AdRock]

You mean selling cars that are horribly overpriced just because of the name isnt working out so well anymore? Sad, but not really surprising in my opinion.

[cool cat]

When is the liquidation sale?

[CWO]

There used to be good money in $6000 body kits.

#welldry

[ceyko]

not surprised.

[Binky]

I had to look as I thought they were already done back in 2004/5

[talisman]

I had to look as I thought they were already done back in 2004/5

They were, but someone bought them out.

[Roscoe]

ROUSH has anally raped them over the years and it's finally hit the tipping point....

[svauto-erotic855]

The "gorgeous Saleen S7 supercar"? WTF? A client of mine was drunk one night and bought a turbo S7 on ebay quite a few years ago. It is built so badly that he can never drive it. Every single time he has tried to take it for a drive after it sits for more then a few weeks it comes home on a wrecker.

[smrr1]

When is the liquidation sale?

this

[BlackGT]

The "gorgeous Saleen S7 supercar"? WTF? A client of mine was drunk one night and bought a turbo S7 on ebay quite a few years ago. It is built so badly that he can never drive it. Every single time he has tried to take it for a drive after it sits for more then a few weeks it comes home on a wrecker.

It's still a damn good looking car!

[Trip McNeely]

The "gorgeous Saleen S7 supercar"? WTF? A client of mine was drunk one night and bought a turbo S7 on ebay quite a few years ago. It is built so badly that he can never drive it. Every single time he has tried to take it for a drive after it sits for more then a few weeks it comes home on a wrecker.

Damn, usually bad drunk decisions involve getting tattoos, not buying hundred thousand dolllar sports cars online. lol

[Whiteboy]

Saleen is. SMS is different

[YALE]

What the hell is there to keep running in an S7? Isn't it just a Windsor?