Saleen Automotive, Inc. (fka SLNN)

[wj2005]

Here is some more information:

The decrease relates primarily to lower Mustang sales due to 1) the significant model changes made by Ford to the base Mustang chassis, which requires us to make significant design and tooling modifications to our Saleen Mustang, 2) no availability of the 2015 Ford Mustang base chassis, as Ford just recently began shipment of the 2015 models in November 2014, and 3) traditionally from November through mid-January production in the auto industry slows due to the holidays and the subsequent temporary shut down of plants and shipping causing delivery of cars to be interrupted. During the same period in the prior year, the change from the 2013 to 2014 Mustang model year was minimal requiring little change to our Saleen Mustang and the supply of vehicles was not as disruptive. Based on current orders for the 2015 Saleen Mustang models, we anticipate an increase in volume for the Saleen Mustang and just recently started shipping our Saleen Mustang White Label models in February 2015.

They are able to produce all 3 trim levels and we have seen all 3 trim levels (White, Yellow and Black)

Like I have been saying all along, the decrease is because the lack of the Mustang availability. Now that they are in full swing production, we will see an increase of revenue!

Up up and away!!!!