09/17/2014 - Tech Talk - Elio Motors Takes Major Step Toward Producing New Vehicle At Massive Shreve

wjdom said:

I can't believe no one is commenting on todays news from Elio! We are selling equipment @ Shreveport plant.

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wjdom said:

I can't believe no one is commenting on todays news from Elio! We are selling equipment @ Shreveport plant.

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BlioKart said:

We? SO what is my cut?

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RogWild said:

Good to see some positive announcements, although this has been 'in the works' for a long while. “Major Step”.... They have been saying that they 'planned' to get rid of un-needed equipment for the past year and a half. “The unusual step of selling the surplus equipment”? That is just 'standard practice' for a productive company.... what is so “unusual”? Back in "BusinessWire · Feb. 10, 2014 , it was stated that Elio Motors would use Comau's 'After Sales team' to conduct plant health assessments in order to optimize re-utilization of assets, and determine what machines could not be used, and should be sold. Seems like they finally concluded this task. NOW...... they just have to find some BUYERS!

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imageon said:

This is good news.
I have a question about this sentence. Didn't they buy the factory, says rent ?
["Elio Motors will create more than 1,500 jobs in Shreveport, La., where the company will rent approximately 1.5 million square feet of a 4.1 million-square-foot building."]
MK

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wjdom said:

I can't believe no one is commenting on todays news from Elio! We are selling equipment @ Shreveport plant.

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RogWild said:

Good to see some positive announcements, although this has been 'in the works' for a long while. “Major Step”.... They have been saying that they 'planned' to get rid of un-needed equipment for the past year and a half. “The unusual step of selling the surplus equipment”? That is just 'standard practice' for a productive company.... what is so “unusual”? Back in "BusinessWire · Feb. 10, 2014 , it was stated that Elio Motors would use Comau's 'After Sales team' to conduct plant health assessments in order to optimize re-utilization of assets, and determine what machines could not be used, and should be sold. Seems like they finally concluded this task. NOW...... they just have to find some BUYERS!

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Ty said:

It was GM's most advanced equipment which they were not allowed to take under the bankruptcy stuff. Perhaps they would like to use that equipment somewhere else. At a small discount, of course.

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goofyone said:

Come on RogWild I thought you were more intelligent than that! Of course this has been planned for a while however the logical answer is that they are moving it now because they have a buyer or buyers. The equipment is safe where it is and EM is already paying for the facility so there is absolutely no reason to spend money on moving it other than as the first step of transferring it to a buyer.

As Ty states the buyer could very well be GM as they understand better than anyone what is in that plant.

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