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Old 08-23-2007
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Jim D. Jim D. is offline
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Location: Huntington Beach, CA
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Steve Saleen did indeed resign from Saleen Inc. back in May. While Steve still holds a strong interest in the company, due to some investment strategies, the management was left to Hancock Park Associates as the controlling partner.

A lot of this developed during the time of the Troy facility being established, along with the preparations for the Ford GT program.

Over the few short years, you could say that Steve and the HP people did not see eye-to-eye, and unfortunately, none of the HP people had any substantial automotive experience.

So Steve left, taking a few key people with him, to work on a project which will initially bring Chinese-built pickups and SUVs into Mexico, establish a factory in Mexico, and help build and distribute Mexican-made vehicles (with a fair amount of Chinese content) into North America.

You can read a little more about this turn of events here...

http://www.saleenclub.net/forum/viewtopic.php?t=985

SOEC Members will be getting some related information mailed to them in the next editions of Saleen Alley, two of which should be in the mail next week.
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