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Saleen On The Verge Of Bankruptcy?

Motor Authority

Vehicle tuner Saleen looks to be in some serious financial trouble, with a recent quarterly report filed by the company with the Securities and Exchange Commission revealing the dire situation. According to the report, Saleen had just $7,261 in cash as of September 30, 2014, and liabilities totaling more than $7 million—including unpaid wages, payroll taxes and bank loans.