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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
This carbon-fibered, mid-engined rocket ship was not only a very capable street car, but was also a very successful racing car, winning many races in the FIA GT Championship, not to mention impressive results at the Sebring 12-hour race and at the LeMans 24-hour race.
There truly has been no American car to have accomplished what this car did in its short life time, so what many had been wondering is, will there be a sequel?
Saleen Performance Vehicles announced that it will end production of their Saleen Mustang vehicles in order to focus on aftermarket parts. The final vehicle, a 2011 Saleen S302, will end a lineage that stretches back to 1983. Production will end in the third quarter of 2011.
Saleen was recognized as the last word in high performance Mustangs, with products being sold through Ford dealers and backed by a warranty. Their legendary bright paintwork and supercharged engines were the stuff of dreams for Mustang enthusiasts and we’re sad to see this era come to an end. Saleen also produced a supercar, the S7, from 2000 to 2009.
Thanks to good friend of AutoGuide, Chris Grosser, we have quite a gallery of exotic cars from an ultra-exclusive event held in Florida.
Just over a week ago several dozen exotic car owners got together and rented out a two-mile-long aviation runway in Ochopee, FL, to see just how fast these cars could go… and just how big their owners’ cajones are.
Included in the long list of exotics was a twin-turbo 1000 hp+ Lamborghini Murcielago and several “Underground Racing”twin-turbo Gallardos. A stunning Saleen S7 also made an appearance.
“It’s not an everyday occurrence to view such cars in the wild,” says Grosser, “much less out on an endlessly long runway being pushed to their limits. It’s a thing of sheer beauty to view a car like the S7 being run to its full potential and not just sitting near a glass showcase or behind velvet ropes like a coveted piece of art.”
Amen to that!
Grosser, a student and photographer, obviously wasn’t out running his own hyper-car but did manager a 175mph ride in a friends Bentley Continental GT.
Grosser reports that many of the “tens of millions of cars” in attendance surpassed the 200mph mark, including those Lambos, the Saleen, and a Ford GT.
GALLERY: 200 MPH EXOTICS
Three months after Saleen Incorporated announced it was looking for a buyer the company has just released news that MJ Acquistions has purchased a significant portion of the automakers assets.
The deal puts all supercharger, after market and high performance assets in the hands of MJ Acquisitions. Saleen Inc. will retain ownership of everything relating to the S7 Supercar and upcoming S5 Raptor – although the move certainly puts the development of the Saleen exotic in jeapordy as it is more than likety the supercar department shares both staff and resources with the departments that have changed hands. And considering how small the volume of sales for the S7 project have been it’s unlikely MJ Acquistions will want to dedicate staff and resources to areas other than the high volume, high profit aftermarket and high performance segments.
On a positive note MJ Acquisitions is a developed and successful automotive company that owns four subsidiaries: Cyltec, LLC, Power-Tec Engineering, LLC, Arrow Racing Engines, LLC, and Control-Tec, LLC. These companies comprise a network that currently facilitates full service enginering, design, manufacturing, assembly and control systems for sectors of the automotive industry.
“We moved on this purchase quickly to ensure that the process of delivering high-quality automobiles and components to the consumers is not disrupted,” said Mike Shields, President and CEO of MJ Acquisitions. “We are working with the talented team from Saleen and our own experts to continue the quality, delivery, and performance the customer base and delalership network have come to expect from the Saleen brand.”
One point of note is that employees of the Saleen departments that were sold were let go, however, many (if not all) of them are expected to be rehired – including Saleen Inc. CEO Chris Theodore, who said that, “MJ Acquisitions and its affiliates are a group of true car professionals with vast experience in the engineering, production, assembly and distribution of performance and racing vehicles. This influx of new life into the Saleen, RaceCraft and SpeedLab brands is a win-win situation.
MJ Acquisitions doesn’t plan to waste any time bringing product to market and the company is expected to forge ahead with a redesign of the flagship S-Line brand, due out in late 2009, as well as the realse of a 2010 Racecraft Mustang – with develpment beging on that project as soon as Ford delviers the new model to Saleen HQ.
[Source: Saleen Owners and Enthusiasts Club]
Official release after the jump: