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Saleen for Sale?

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We don't have any other information about this but judging by this press release from Saleen it sounds like they're looking at possibly selling the company. You can read the press release below.

Saleen Automotive, America's premiere automotive lifestyle brand, today announced that is has retained an investment banking advisor to explore the sale of its global auto operations and to assess other strategic initiatives.

Saleen has engaged William Blair & Company, L.L.C. to provide independent advice to the management and board of directors as the company continues toward a sale. The board has set a tentative timetable to receive preliminary indications of interest from prospective parties over the next two months and plans on finalizing a transaction in early 2009.

About Saleen
Since the company's inception in 1984, Saleen has produced over 12,000 complete and EPA certified vehicles, more than any other specialty automobile manufacturer. In addition, Saleen has provided components for installation on more than 600,000 vehicles worldwide, further illustrating its capabilities and commitment to excellence. A nine-time Manufacturers' Champion in GT sports car racing, Saleen manufactured the American super car -- the Saleen S7, as well as the S281 Mustang, S331 Sport Truck, the Dan Gurney and Parnelli Jones Special Edition Mustangs, Racecraft 420S and limited edition 25th Anniversary "Sterling Edition" and "Dark Horse" Mustangs. In addition, Saleen provided all paint and assembly of the Ford GT as a special project for Ford Motor Company. Saleen currently provides paint and subassembly for the Dodge Viper SRT-10. Saleen's capabilities include prototype fabrication, engine and supercharger assembly, vehicle paint and assembly, as well as niche vehicle prototype and build. Current special projects include the Gibbs Aquada and the limited volume "Dearborn Deuce". Saleen's World Headquarters is located in Troy, Michigan.

About William Blair & Company
William Blair & Company, L.L.C. is a global investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. Since 1935, we have been committed to helping clients achieve their financial objectives. As an independent, employee-owned firm, our philosophy is to serve our clients' interests first and foremost. We place a high value on the enduring nature of our client relationships, the quality of our products and services, and the continuity and integrity of our people. William Blair & Company is based in Chicago, with office locations including Boston, London, New York, San Francisco, Shanghai, Tokyo, and Zurich.

2009 Saleen Dark Horse Pictures
2009 Racecraft 420S Mustang Information
2009 Racecraft 420S Pictures
Saleen Dan Gurney Mustang Information
Saleen Dan Gurney Mustang Pictures