Electric Cars

After an extended anticipation following its 2017 Los Angeles auto show debut, Saleen has officially opened its order books for the S1 Street sports car. This marks a significant milestone for the mid-engine vehicle, which is now available for reservation with a fully refundable deposit. The move indicates a renewed push by the company to bring its high-performance models to market, amidst its involvement in other automotive ventures.

Saleen S1: Unveiling the Production and Performance Details

Enthusiasts can now place orders for the Saleen S1 Street, which carries a starting price of $160,000. A refundable deposit of $1,000 secures a build slot for this road-legal machine. For those seeking a track-focused experience, the S1 Race variant is offered at $250,000, requiring a $2,000 refundable deposit. Both models maintain a remarkably low curb weight of 2,685 pounds, though Saleen has not specified whether this is a dry or wet weight. Production for these vehicles is slated to occur at Saleen's facility in Corona, California, with an ambitious target of 1,500 units for the first year, a figure that includes both the Street and Race versions.

Performance figures for the S1 Street are impressive, with the car capable of reaching 60 mph in 3.2 seconds and hitting a top speed of 171 mph. It is powered by an engine delivering 450 horsepower and 425 pound-feet of torque. The S1 Race model elevates these statistics further, achieving 0-60 mph in a mere 2.9 seconds and a top speed of 180 mph. While specific mechanical distinctions between the Street and Race versions, beyond track-specific enhancements, have not been detailed, it is believed that differences in weight, aerodynamics, and engine tuning contribute to the performance gap.

Despite the excitement surrounding the S1's availability, key information such as confirmed delivery timelines and detailed powertrain specifications remains undisclosed. Saleen's history includes seeking external investments to support its projects, suggesting a cautious but determined approach to launching these new models. The company is also concurrently working on other projects, including a widebody Mustang, highlighting its diverse automotive endeavors.

The long-awaited opening of reservations for the Saleen S1 highlights the persistent passion and dedication required to bring a high-performance sports car from concept to consumer. It serves as a reminder that the journey of innovation in the automotive industry is often fraught with challenges, delays, and the continuous need for strategic adaptation. For car enthusiasts, the opportunity to own a piece of Saleen's vision, particularly after such a prolonged wait, underscores the enduring allure of unique and powerful machines. It also prompts consideration of the delicate balance between ambitious production goals and the practicalities of a niche manufacturer navigating a competitive market. The success of the S1 will undoubtedly be a testament to Saleen's resilience and its ability to deliver on its promises to a devoted fanbase.

President Trump has enacted an executive order that temporarily permits highway-bound vehicles, including those used by truckers and farmers, to utilize red-dyed diesel fuel without incurring the standard federal highway tax. This special fuel, typically reserved for off-road machinery, will be tax-deferred from October 5, 2026, through December 31, 2026. The directive also tasks the Treasury Department with investigating avenues to completely waive the deferred tax obligations.

The executive order comes at a time when national highway diesel prices have surged by a third compared to January levels, largely due to supply chain disruptions linked to geopolitical events involving Iran and Ukraine. By temporarily removing the 24.4 cent per gallon federal excise tax, the administration aims to provide immediate financial relief to industries heavily reliant on diesel, such as agriculture and transportation.

Historically, red-dyed diesel has been sold without the highway tax for use in non-road applications like tractors, generators, and construction equipment. The new order broadens this exemption to include highway vehicles for a defined period. The Treasury and IRS will be responsible for establishing the specific eligibility criteria and documentation requirements for those wishing to benefit from this tax deferral, meaning it will not be a universal entitlement for all drivers.

During the signing of the order, President Trump acknowledged the unconventional nature of applying red diesel to highway use, stating, “You know what that is? I don't know what the hell it is, but whatever it is, it is supposed to be very good.” This humorous remark underscored the focus on practical, albeit temporary, solutions to economic pressures. North Dakota Governor Kelly Armstrong highlighted the opportune timing of the order, particularly for the agricultural sector during harvest season, noting, “Record-high diesel prices are squeezing our ag producers, and this is a meaningful and timely step we can take to provide temporary relief and help our farmers and ranchers through the harvest season.” Zippy Duvall, President of the American Farm Bureau, echoed this sentiment, emphasizing the immediate cost relief for agricultural stakeholders.

The financial impact of this tax deferral could be substantial for eligible users. While state diesel taxes average an additional 35.5 cents per gallon, the federal waiver alone can save owner-operators approximately $50 to $60 on a large highway fuel-up. For instance, a long-haul truck with a 250-gallon tank currently costs around $1,300 to fill. The White House has suggested that savings could reach up to $100 per fill for very large tanks once the full 24.4-cent federal tax break is applied. Some states are also exploring their own measures to address high diesel costs, although these often focus on specific agricultural or emergency uses rather than comprehensive highway tax holidays.

The President articulated his belief that this order would contribute to lowering overall goods costs, including groceries, by reducing freight transportation expenses. The IRS is mandated to issue guidance within five days of the order’s signing to ensure retailers and drivers are not penalized for using or selling dyed diesel on highways during the deferral period. The swiftness and widespread adoption of red-tinted fuel for highway use will depend heavily on this guidance and any subsequent legislation regarding the deferred tax.