Saleen Automotive reborn, promises a new supercar & high-performance EV

Saleen S302

Steve Saleen back in charge

Steve Saleen made a name for himself by building high-performance Mustangs and the S7 supercar, but he's finally back in control of the company that bears his name.

Thanks to a recently completed merger, Saleen Automotive now consists of Saleen Automotive and SMS Signature Cars. As you may recall, Steve Saleen resigned from Saleen Automotive in 2007 and went on to start SMS Signature Cars a year later.

The newly reconstituted company will offer a "complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories." More importantly, Saleen confirmed they are developing a new supercar as well as electric and zero-emission vehicles.

In a statement Steve Saleen said "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment."