TROY, Mich., March 7, 2011 /PRNewswire/ -- Revstone announced today that it will refocus its strategy in performance vehicles to become a second stage manufacturer and a distributor of aftermarket performance parts. The move will allow the company – which currently produces Saleen Performance Vehicles and Saleen Speedlab parts – to leverage its size and customer relationships to provide a wider range of high performance offerings to consumers.
"The teams responsible for engineering and development of Saleen bring a level of engineering prowess and passion that is second to none," said Bob LaCourciere, President of Revstone Aftermarket. "We want to apply that same talent and dedication to second stage manufacturing."
As part of this strategic shift, the company has announced that the 2011 Saleen S302 (shown at the 2010 SEMA show) will be the last car produced under the Saleen name. The S302 vehicles are currently in production; all production will be completed by the third quarter of this year.
"We feel it is time to retire the legend, and to usher in a new era of performance," continued LaCourciere. "We will continue to honor our warranties on Saleen vehicles, and Saleen parts will be available through Speedlab."
The company plans to hold a webinar in the second quarter of 2011 to answer any questions and provide more insight into its plans for the transition.
Revstone is a recognized name in transportation, with over $1 billion in projected revenue. Headquartered in Lexington, Kentucky, with regional offices in Michigan, New York, and China, Revstone maintains a global reach and provides services related to the design, engineering, manufacture, and marketing of products for the automotive and commercial trucking industries. Revstone operates manufacturing facilities in more than 60 locations throughout North and Central America with plans to expand further within Europe and the Asia-Pacific region.
This news release contains forward-looking statements based on current assumptions and forecasts made by Revstone management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future consolidated results, financial situation, development or performance of the company, and the estimates given here. The company assumes no liability to update such forward-looking statements or to adapt to future events or developments.