Saleen Automotive, Inc. engages in the design, development, manufacture, and sale of high performance vehicles built from the base chassis’ of Ford Mustangs, Chevrolet Camaros, and Dodge Challengers. The company operates as an original equipment manufacturer (OEM) producing muscle and high performance cars. Vehicles, Products and Services The company’s Saleen-branded products include a line of upgraded muscle cars, high performance cars, automotive aftermarket specialty parts and lifestyle accessories. The company provides or intends to provide the following products and services: High Performance Cars: The company is an OEM of customized American sports cars, building them into Saleen-branded performance cars through a transformational process in which every part the company incorporate into the vehicle is designed, engineered, tooled, tested, manufactured and certified by the company or under its control for the entire vehicle. The product line of high performance vehicles includes the Saleen 570 and 570X Challenger, the Saleen 302 and 302SC and S351 Mustang and the Saleen 620 and 620X Camaro. The company also produces a line of Heritage Collection Cars which are modern Saleen High Performance vehicles designed as replicas of past iconic race cars from the SCAA Trans-Am Racing lineage. Performance Parts: The company manufactures and distributes specialty automotive aftermarket parts and accessories to its base of approximately 25,000 loyal Saleen automotive enthusiasts in the U.S. and overseas. Additionally these parts and accessories are marketed and sold to the owners of Ford Mustangs, Chevrolet Camaros and Dodge Challengers. American Supercars: The company is in the process of designing an American supercar that would be manufactured and sold through its Supercars division and its retail stores. Retail Distribution Outlets: Saleen apparel, sold online, is branded under the Saleen Lifestyle, Saleen Performance, Saleen Racing and Heritage marquees. The company intends to operate these stores in high traffic malls in major cities where the company has a customer base, such as Orange County, Los Angeles, San Jose, Miami and other locations. Saleen Tesla: The company is in the process of developing a Saleen Tesla Model S sports car. Motorsports and Engineering Services: The company provides contract design, engineering and product development services. Battery Electric Vehicles: The company focuses on developing a line of electric battery electric vehicles (or BEVs) for commercial and consumer oriented applications, utilizing the same mass-customization process used with its high performance vehicles and existing facilities to overlay the BEV design on selected new OEM automobile chassis designed for internal combustion engines. The company has arrangements with 30 dealers located throughout the United States (in the states of California, Florida, Idaho, Massachusetts, Michigan, New York, Oregon, Rhode Island, South Dakota, Texas, Utah and Washington). Customers The company’s customers worldwide include muscle and high performance car enthusiasts, collectors, automotive dealers, exotic car retail dealers, television and motion picture production, and consumers in the luxury supercar and motorsports market. Seasonality Sales of the company’s high performance cars fluctuate on a seasonal basis with increased sales during the spring and summer months in its second and third quarters relative to its fourth and first quarters. Intellectual Property The company owns trademarks registered with the U.S. Patent and Trademark Office. In addition, the company owns the Saleen ‘brand’ registered trademarks, as well as other unregistered common law trademarks. The company markets its products using the Saleen name and logo, as well as the name and likeness of Steve Saleen, through a royalty free license from Steve Saleen. The company also has a license to use Steve Saleen’s image, signature, full name, voice, biographical materials, likeness, and goodwill associated with the ‘Saleen’ brand in connection with its business. Regulations Vehicle Safety and Testing: The company’s vehicles are subject to, and the company comply with, or are exempt from, various regulatory requirements established by the NHTSA, including all applicable United States federal motor vehicle safety standards. The company is also required to comply with other requirements of federal laws administered by the NHTSA, including the Corporate Average Fuel Economy standards, Theft Prevention Act requirements, consumer information labeling requirements, early warning reporting requirements regarding warranty claims, field reports, death and injury reports and foreign recalls, and owner’s manual requirements. History Saleen Automotive, Inc. was founded in 1983.
saleen automotive inc (SLNN:OTC BB)
2735 Wardlow Road
Corona, CA 92882
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