Saleen Auto up for sale

DETROIT -

"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," the statement said.

But a sale could be tough. Tight credit markets and the slump in auto sales have hurt specialty companies such as Saleen and ASC Inc. Further complicating matters is that one of the Saleen's biggest sources of revenue, the Dodge Viper sports car, has been put up for sale by its owner, Chrysler LLC. Company founder Steve Saleen quit in May 2007.

You can reach Richard Truett at rtruett@crain.com

0

Shares

ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Newsletters