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Saleen Sells Big Portion of Assets to MJ Aquisitions |
Saleen, a well known company of our time for high performance muscle cars, is selling off a big portion of their assets to MJ Acquisitions who controls and operates a family of automotive companies. Why you might ask? Some of you might of discovered a few posts floating around the web saying that Saleen was up for sale, that was true and this company his hear to bail them out. The company is really struggling during these hard times just like Ford, Chrysler, and GM. Saleen was founded 25 years ago by Steve Saleen, it would be very sad to see such a very established auto company fall apart. The good news is the new owners will continue to make high performance Mustangs and other muscle cars. The Racecraft brand and new 2010 Saleen Mustangs which should be out sometime in the fall of 2009. I'm glad to see this company hanging in there, I was a bit worried it would go under just as Circuit City did.
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