SOURCE: Saleen Automotive, Inc.

August 18, 2014 08:15 ET

Saleen Automotive Unleashes the All-Electric, All-Performance Tesla Saleen FOURSIXTEEN

CORONA, CA--(Marketwired - Aug 18, 2014) - Saleen Automotive, Inc. (OTCQB: SLNN), (OTCBB: SLNN) (the "Company"), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, debuted its highly anticipated all-electric Tesla Model S based vehicle "The FOURSIXTEEN" at the 2014 Pebble Beach Concours d'Elegance this past weekend. The Saleen FOURSIXTEEN boasts an array of features that make the vehicle faster, more stylish with an improved ride while maintaining Tesla Motor's remarkable mileage efficiency.

"We have used all the experience and ingenuity in our collective acumen to create a truly exceptional Tesla Model S in our new FOURSIXTEEN," stated Steve Saleen, CEO, Saleen Automotive. "By dramatically improving the aerodynamics, suspension, braking, and drive train we are able to create a car that accelerates quicker with vastly improved handling. It is truly exceptional."

"I think that we have also raised the bar significantly with styling and improved interior that are worthy of the Saleen moniker," added Saleen.

"I believe we've honored Tesla Motors with our enhancements and we look forward to many years of creating new and amazing Saleen Tesla FOURSIXTEENS that blend Tesla's groundbreaking innovation with Saleen's racing pedigree and decades of automotive performance," said Saleen.

MSRP for the FOURSIXTEEN model is set to start at $152,000 for the complete vehicle, which includes the base P85Model S sedan. This is priced before existing state and federal EV incentives which can range from $7,500 to $15,000 depending on the buyers state (i.e. A California resident would pay $142,000.00).

Warranties are also included on all new Saleen vehicles, components, and labor. Each newly purchased Saleen FOURSIXTEEN will include a 4-year / 50,000 mile warranty to match the manufacturer backed limited warranty.

Purchases for this all new electric vehicle can be placed by contacting Saleen directly for an expedited ordering process of the Saleen FOURSIXTEEN. Orders are now being taken for the FOURSIXTEEN with delivery 6-8 weeks following order confirmation and receipt.

A full list of the Saleen Tesla FOURSIXTEEN's specifications and photographs is available at the following link:

http://media.saleen.com/2014/08/FOURSIXTEEN/

For more information and updates regarding Saleen Automotive 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.

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 successful new car projects. 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.

Contact Information

  • Media Contact:
    Molly Saleen
    (714) 400-2121

    Investor Relations & Financial Media:
    I.M.I.
    888-216-3595
    info(at)integrityir.com