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Re: Nadendla post# 7046

Monday, 06/08/2015 12:01:01 AM

Monday, June 08, 2015 12:01:01 AM

Post# of 32167
Hilarious. These are PR photos from 2005. A completely different Saleen company.
In 2005 Saleen had 450 employees at two locations and was producing the Ford GT on contract with Ford.
Saleen had financial backing from HPA and a solid relationship with it's bank (Comerica).

In 2015 Saleen has 20 employees at one location and no real production line.
No financial backing and their bank is suing them for being delinquent on a $300,000 loan.
Saleen has almost no money in the bank and has to borrow money every month to make payroll.
Saleen will be closed any day now if they cannot find funding and who would lend them any money?

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