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I think Saleen is done
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Posted by: Mustang5L5

They are auctioning off a ton of stuff

http://www.1800lastbid.com/auction/l...0&group=7&ID=1

Posted by: charlie181

wow all that stuff is inexpensive i cant believe it i hope tony gets a hold of some of these things

fabio

Posted by: badass98svt

ruh roh raggy

Posted by: Ozz

Explanation... ASC filed chapter 11, and ASC and Saleen are owned by the same parent co.

"The company that invented the modern sunroof has filed for Chapter 11 bankruptcy protection, but company officials argue that the roof is half open, rather than half closed, what with ASC Inc. ready to be sold to the same private investment company that owns the high-performance specialty car manufacturer, Saleen.

ASC, based in the Detroit suburb of Southgate , has petitioned the courts to let it shed sizable assets and restructure debt incurred during its own, abortive push into the production of specialty vehicles. That included the Chevrolet SSR, a high-performance pickup truck ASC produced for several years on behalf of the General Motors division.

Barring a last-minute hitch, ASC expects to emerge from bankruptcy by mid-summer, with its remaining assets being sold to Hancock Park Associates, a private equity investment firm founded in 1986, which now owns Saleen, Inc., of Irvine, Calif."
http://64.233.169.104/search?q=cache...ient=firefox-a

Posted by: KrazyPony

Thats just unreal, they are going to be having a auction very similar in Ca. starting on 8/16 too from what I saw on SVT Perf yesterday!