Most of Saleen sold

Most of specialty carmaker Saleen Inc. was sold to a Michigan group called MJ Acquisitions, which owns parts and engine companies in Michigan. They bought Saleen’s performance street-car program, supercharger and aftermarket business from Los Angeles private-investment firm Hancock Park Associates. Terms were not revealed. Saleen’s supercars, the S7 and the S5 Raptor concept, and the Viper paint-shop operation, were not included in the deal and remain with Hancock for now. ASC, a sister company of Saleen also owned by Hancock, was not part of the sale.

The company was founded by race-car driver Steve Saleen, and it has been responsible for some of the best performance versions of Ford cars, mostly Mustangs, over the past two decades.