SOURCE: Saleen Automotive, Inc.

Saleen Automotive, Inc.

November 21, 2014 08:00 ET

Saleen Energizes the Electric Vehicle Market

Saleen Delivers the 1st Saleen Tesla Model, and Provides Additional Drivetrain Options

CORONA, CA--(Marketwired - Nov 21, 2014) - Saleen Automotive Inc. (OTCBB: SLNN) (OTCQB: SLNN) -- Saleen Automotive has begun deliveries of the Model S based Saleen FOURSIXTEEN, which comes only a short time after the successful new product launch in Pebble Beach, CA. The recent release places Saleen Automotive Inc. in an advantageous position in the rapidly growing electric performance car segment as the Saleen Tesla (ST) hits the streets.

"Keeping with our core competencies, we've accomplished concept-to-production in a short time," noted Steve Saleen, CEO of Saleen Automotive. "Moving quickly in the automotive industry is paramount to maintaining (and gaining) marketshare, especially in such an advanced segment as the electric car market."

In 2013, the BMW Group sold more vehicles than ever before in the company's history with an increase of 6.4% from the previous record year. Mercedez Benz also had a record breaking 2013 with 1.4 million in luxury sales, recently outselling Audi to become the world's 2nd largest luxury car brand of the year according to Bloomberg.com

The trend for luxury cars continues to climb as the demand for luxurious eco-friendly options becomes a growing necessity in the automotive industry. Telsa is at the forefront of this demand and forecasts are trending to be 20% above target with over 21,500 cars sold in 2014. Pairing Telsa's conscious, luxurious design with Saleen's prestige performance has proven to be a masterpiece.

2015 ST Models on the Horizon
In addition to production on the current 2014 P85+ based sedan, Saleen is also taking orders on the 2015 model lineup. The updated 2015 drivetrain will present an additional opportunity for Saleen to increase cooling performance, aerodynamics and acceleration on the base 60 and 85, and P85D Model S chassis.

With a starting MSRP of $124,500 after federal tax credits, the newly updated vehicle and configurations on the 2015 all-electric Saleen model will receive updated performance numbers as well: A single motor 380HP motor configuration and a dual motor 691HP motor configuration that is expected to accelerate at a seat planting 0-60MPH in under 3 seconds.

For more information and updates regarding Saleen Automotive visit the following online locations:
Company website: www.saleenautomotive.com
Facebook: www.facebook.com/Saleen

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.

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