View Single Post
  #41  
Old 03-10-2009
Jim D.'s Avatar
Jim D. Jim D. is offline
Administrator
 
Join Date: Oct 2004
Location: Huntington Beach, CA
Posts: 2,746
Default

Quote:
Originally Posted by awayne View Post
So basically they have only purchased the "rights" to the S & RC line aswell as aftermarket parts but not really the "Saleen" name??? So how the hell can they sell these cars as a "Saleen" when they are not honoring the past warranty on "saleen"? I am just a bit confused about this whole situation and I think it is going to become even a bigger mess in the coming weeks and months. MJ has just shot themselves in the foot on this one. I don't see the "Saleen" and RC lines being around very long if they are starting off like this. Maybe they are going to pay complete attention to the "aftermarket" side of things???
You're a tad confused.

As the story has been unfolding, MJ Acquisitions is effectively a victim here, along with the rest of us.

If they shot themselves in the foot, it was not intentional.

The Saleen, Speedlab and Racecraft brands now belong to MJ; the company named Saleen, Inc. is taking its mounting debt -- along with the under-funded warranty fund -- down the proverbial drain. At least that's how it's looking.
__________________
Email me: jimd@soec(dot)org

Aiding The Addicted™
SOEC Headquarters
Huntington Beach, CA USA

Join Saleen Owners and Enthusiasts Club on Facebook



Meet Steve Saleen at the following Signature Events co-hosted by SOEC: