Well-known Ford Mustang tuning firm Saleen Automotive is potentially in a bit of hot water. Currently, Saleen’s finances aren’t what you’d call robust, and now, a Ford dealership in Texas is suing the company over breach of contract and claims of fraud. An additional Ford dealership in Tennessee claims that Saleen has yet to deliver a modified Mustang it ordered over a year ago.
Nick Bunkley of Automotive News has the details of the lawsuit and the Tennessee dealer’s claims in a report published Monday. Red McCombs Ford in San Antonio, Texas claims that three 2015 Mustangs it ordered arrived six months after they were promised and missing $22,000 in upgrades. It’s suing for a refund on the parts missing and for additional expenses incurred in ordering these vehicles.
As Automotive News points out, the amount Red McCombs Ford is suing for amounts to around half the cash that Saleen Automotive Inc., a publicly traded company, had at the end of 2015. The most recently published quarterly report on its investor site indicated that Saleen had just $60,850 on hand.
Friendship Ford of Bristol, Tenn. isn’t suing Saleen, but its claims against the company are perhaps more damning than those of Red McCombs Ford. It ordered a “Yellow Label” Mustang from Saleen over a year ago, which was promised to be delivered by the end of 2015. CEO Steve Saleen told Automotive Article source: http://www.roadandtrack.com/car-culture/news/a30006/ford-dealer-sues-saleen/




