Saleen Tesla Model S announced as tuner's first EV

Fri, 31 Jan 2014

Saleen has made its name on building some of the meanest modern muscle cars around, which was why it was so surprising when it announced in December that its next project will go electric. Has the famed pony car modifier lost its mind? Or is it right in thinking the performance potential of the Tesla Model S is too big to ignore?

Details remain scant about the project, but Saleen promises to transform the Model S into an electric supercar. Power is getting a boost but exactly how much more than Tesla's own 416-horsepower Model S P85 is not known. Saleen has also not set a completion date for the car yet, but it promises that renderings and specs will be ready soon. The only real detail that Saleen gives about its version of the Model S is that it has "a revolutionary design all our own," so we're expecting some visual differentiation to go with its inevitable augmented power.

"I fully intend to produce one of the most compelling Tesla's to ever hit the roadway," said Steve Saleen, company founder and CEO. You can read the entire brief press release below.

Saleen Automotive Announces Plans to Produce Saleen Tesla Model S Electric Sports Car

CORONA, Calif., Jan. 30, 2014 /PRNewswire/ -- Saleen Automotive, Inc. (OTCQB: SLNN), (OTCBB: SLNN) (the "Company"), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to announce that the Company will produce for the first time, a Saleen Tesla Model S sports car. The Saleen Tesla design will be Saleen's first effort in enhancing an existing electric vehicle.

No release date has been set for completion of the Saleen Tesla Model S, but renderings will be released as Research and Design continue. Our engineers will also prepare a spec sheet which will detail some of the enhancements and innovations we intend to add to the Saleen Tesla Model S.

"Saleen Automotive is intent on continually expanding its presence in the automotive market," stated Steve Saleen, CEO, Saleen Automotive, Inc. "We have already announced or produced incredible vehicles including Camaros, Challengers, and of course Mustangs, adding style and performance to each of those legendary lines. Now, we turn our attention to the vehicle that has defined the sports car in the rapidly growing electric car sector."

"Tesla's values are not a departure from our core values of elite power, style, and performance. I have admired their craftsmanship," added Saleen. "And now with our upcoming entry into the electric car market with a revolutionary design all our own, we share a desire to also produce vehicles that are not dependent on fossil fuels and which accomplish this fuel independence with a tremendous assemblage of grace and technology."

"I fully intend to produce one of the most compelling Tesla's to ever hit the roadway," added Saleen.

For more information and updates visit the following online locations:

Company website: www.saleenautomotive.com.

Facebook: https://www.facebook.com/Saleen

About Saleen Automotive, Inc.
Saleen is an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel. Founder Steve Saleen has continually set the bar for automotive design and performance engineering in both street and racing applications. Saleen plans to utilize its existing strategic partnerships and dealer network to refine its design and engineering prowess, continue development of emerging automotive technologies, and expand its presence nationwide with a combination of automotive retail services, aftermarket parts and new vehicle sales to build significant long-term value. Learn more at www.saleenautomotive.com.

About Havas
Havas (Euronext Paris SA: HAV.PA) is one of the world's largest global advertising, digital and communications groups. Headquartered in Paris, Havas operates through its two Business Units: Havas Creative Group and Havas Media Group.

Havas Creative Group incorporates the Havas Worldwide (www.havasworldwide.com) network - formerly Euro RSCG Worldwide - (316 offices in 75 countries), the Arnold (www.arn.com) micro-network (16 agencies in 15 countries on 5 continents) as well as several other strong agencies.

Information about Forward-Looking Statements
This press release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. An example of such forward looking statements in this press release include statements regarding the Company developing and completing a new supercar project. For a more detailed description of the risk factors and uncertainties affecting Saleen Automotive, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

By Chris Bruce