Saleen Has $7k But Owes $7 Million: Is it Sayonara?

Saleen s7

It seems that sometimes not even a household name and amazing product can save a company from financial ruin. Automotive brand Saleen is on the verge of sayonara unless an infusion of money turns up soon, according to the company’s investor site. It is strange to think of such a well-known player being hit so hard.

Will Saleen find a savior or is it sayonara?

Saleen is behind so many amazing vehicles since the 1980s, including Bumblebee and Barricade from the Transformers flicks. The S5 Raptor, S7, and a variety of aftermarket mods are all thanks to Saleen. The aftermarket performance division of Saleen is responsible for custom exhausts, wheels, brakes, turbochargers and mad tweaks on many different vehicles. So how did the company find itself with just $7,261 dollars to its name? read more