MJ Acquisitions, the new owner of assets held by the former Saleen Inc., issued a letter to authorized dealers in which the company stated that it will not be responsible for warranties currently held by owners of Saleen vehicles, essentially invalidating every existing Saleen vehicle warranty -- even on vehicles still sitting on dealer lots.
Under the buyout terms, Saleen Inc. is responsible to adhere to warranty agreements issued before February 2, 2009. But with the former automaker having recently announced that it has ceased all operations and will be unable to honor warranty service, owners appear to be on their own should they require any in-warranty repairs to their Saleen vehicles. In addition to current owners not having a warranty, the remaining MY2008 and 2009 cars sitting on dealer lots are also subject to zero warranty coverage.
Under its buyout terms, MJ Acquisitions will sell dealers parts at a discount in order for them to continue servicing owners' vehicles. All parts purchased from them on or after February 2, 2009 will carry a 12 month, 12,000 mile warranty as well.
MJ Acquisitions finalized their takeover in late January and included Saleen's supercharger and street vehicle businesses, as well as sister brand Racecraft in their purchase. The S7 supercar, S5 Raptor and painting operations weren't included in the sale.
The warranty notification already has Saleen Owners and Enthusiasts Club forum users who own Saleen vehicles threatening class action lawsuits, so we expect that we haven't heard the end of this issue.
Source:
Saleen Warranties Dissolve as Saleen Inc. Ceases Operations | Motortrend News & Auto Blog - Wide Open Throttle
Saleen Warranties Dissolve As Former Owner Ceases Operations - The Saleen Forums at soec.org