The drama that is Saleen entered a new chapter yesterday with the announcement that Steve Saleen's new company, SMS Supercars, has filed a lawsuit against MJ Acquisitions, which purchased assets from Saleen, Inc. including the right to produce the 'S' line and Racecraft Mustangs, as well as the Speedlab aftermarket division. Steve Saleen, who left Saleen, Inc. in the summer of 2007, claims the lawsuit was filed to "continue to protect the name, reputation, and brand value of Steve Saleen, and to reassure his loyal customers, dealers, and car enthusiasts that only Steve Saleen's SMS Supercars performance vehicles and products are genuine and deserving to carry his name." Much of this statement can be attributed to both Saleen, Inc's and MJ Acquisition's refusal to honor warranties for vehicles and parts sold before the transfer of assets between the two companies. While SMS stepped in and admirably offered to honor the warranties despite any lack of legal obligation, this lawsuit is no doubt another push for Steve's new company to be the only one linked to his name.
Interestingly, this lawsuit comes just days after AutoWeek reported that MJ Acquisitions planned to produce two new Mustangs under the Saleen brand in the next year. Steve and SMS Supercars have already been busy launching products of their own, starting the with the 570 and 570X Challengers earlier this year, followed by the 460 and 460X Mustangs scheduled for a late 2009 debut. More details on the SMS Supercar's lawsuit against MJ Acquisitions can be found in the press release after the jump.
Continue reading What's In a Name? SMS Supercars files suit against MJ Acquisitions for use of Saleen name
