Saleen voids all warranties

[merc]

Saleen Automotive announced last November that it was seeking a potential buyer, with management acknowledging the firm has suffered financially from the economic downturn and rising fuel prices. In February Saleen announced the sale of its supercharger, aftermarket and high-performance street vehicle business elements to MJ Acquisitions, and now Saleen, Inc. has ceased operation and declared all warranties on Saleen cars and parts - no matter whether new, used or unsold and sitting on dealer lots - are void.

All warranties created before February 2, 2009 were to be serviced by Saleen, Inc., but with the company's cessation of operations, that leaves those buyers out in the cold, and responsible for their own warranty costs. Future warranties on parts purchased after February 2, 2009 from the new Saleen owned by MJ Acquisitions will carry a full 12 month/12,000mi warranty, however, said Jim Dvorak of the Saleen Owners and Enthusiasts Club in a letter to members this week.

Full Story, read this link.

http://www.motorauthority.com/saleen-automotive-looking-for-buyer.html

[Master]

drops Saleen a notch or two in my books. How they could negotiate the sale and leave good customers out in the cold is unconscionable.

[ImpalaSlayer]

that really sucks ass

[merc]

Saleen Warranties Dissolve As Former Owner Ceases Operations

Saleen Inc., amidst financial distress, ceases operations and leaves Saleen vehicles and its owners without warranties

Breaking News -- March 06, 2009
by Jim Dvorak, Saleen Owners and Enthusiasts Club, www.soec.org

Today, all certified Saleen and Racecraft dealers were sent a letter from MJ Acquisitions, Inc., the new caretakers of the Saleen brand.

And like most stories these days, there is often good news and bad news -- and this story is no different.

The Good News
MJ Acquisitions, consisting of an experienced and energetic staff who are very familiar with the Saleen brand, will continue to provide service parts, performance parts, accessories and letters of authentication to support Saleen and Racecraft vehicle owners well into the future.

The Bad News
Those Saleen and Racecraft owners needing dealer-provided in-warranty repairs of Saleen components are likely to incur an unforeseen out-of-pocket cost that my not be reimbursed, due to unfortunate circumstances with the financial condition of the brand's former owners, Saleen, Inc.

Bad News Backgrounder
After announcing it was seeking a buyer last Fall due to the recent and current economic conditions, Saleen, Inc. -- a company majority-owned by Hancock Park Associates -- was on a direct path to cease all operations for public business as of February 01, 2009. After a brief period of negotiations, MJ Acquisitions stepped-in as a bailout action and purchased certain assets of Saleen, Inc. on January 30, 2009. This transaction was an effort to keep the brand from becoming completely extinct.

The now-former owner of the brand, Saleen, Inc., has just announced it has ceased all operations. Saleen, Inc. is responsible for warranties existing before February 2, 2009, and thus regrettably it has been announced that they are now unable to honor any warranties on any of its parts, services, and vehicles including cars, trucks, and aftermarket parts prior to this date. All inquiries regarding these and other financial claims for Saleen, Inc. should go to Jaimee L. Witten of Bodman LLP at (313) 392-1045.

Furthermore, it has been stated that Saleen, Inc. is responsible for parts and labor costs on all vehicles with a remaining Saleen, Inc.-backed factory warranty – those currently in the hands of owners, as well as those that may remain on showroom floors.

MJ Acquisitions, the “new Saleen,” will continue to sell parts to the certified dealers, at a discount, to allow dealers to service their existing inventory and customer vehicles. It will, however, be the dealer's responsibility to contact the representative of Saleen, Inc. at the number above to obtain any reimbursement for parts and labor costs associated with the repair of a Saleen or Racecraft vehicle manufactured by Saleen, Inc.

It was further emphasized in the letter to dealers:
"MJ Acquisitions, Inc. is not responsible or obligated to cover warranties and/or any financial liabilities of Saleen, Inc."
It was also expressed that the team at MJ Acquisitions does apologize for the hardship this places on its valued customers, and they understand that this will impact all parties, as it would with any automotive manufacturer closing its doors.

[Taemian]

Just remember that Steve Saleen himself has nothing to do with this company; he sold out awhile back and has started another hi-po company. The Saleen name brand was just a name brand that he sold off.

[Davesvt2000]

Just remember that Steve Saleen himself has nothing to do with this company; he sold out awhile back and has started another hi-po company. The Saleen name brand was just a name brand that he sold off.


Just as well, he was an arrogant cocky prick IMO

[Pops]

Beware as we will see more of this issue! This will not be the last small company we know to go out of business. Its to bad the economy has come to this.

[Marauderjack]

Could actually happen at GM or Chrysler!!!!!:eek:

[Siege]

http://img211.imageshack.us/img211/8057/643d1209085107stevesale.jpg

http://img156.imageshack.us/img156/888/inconceivable.jpg

Inconceivable!

[Raudermaster]

I can't wait to see what his new company, SMS Limited will do. He only has 2 cars, the 570 Challenger, and the 25A Mustang. I'll take this beast anyday over a Shelby.
http://www.smslimitedusa.com/25a.html

720hp(612sae)/667lb-ft(565sae).

http://auto.cooone.com/wp-content/gallery/sms-25th-anniversary-mustang-concept/sms_25a_front3q.jpg

Yes, that hood is functional.

[FastMerc]

Maybe with some luck Ford may step in and help,maybe?

[rayjay]

Anyone else smell a class action lawsuit here.