Why Not License Out The Production Of The Elio?

[Samalross]

Also, planned to build and test 25 and had the $12 Million of funds in the bank to do it, “a process that will take 3-6 months to complete”.

Maybe if they get the 100 million, they will make some of the 25 test vehicles.

 

[RSchneider]

Maybe if they get the 100 million, they will make some of the 25 test vehicles.

Let's see, with the $100M they need to pay off Stu right away. Then they spend another 4 weeks doing R&D along with buying tooling and working on the Shreveport Plant. Building the 18 E series wont happen until 20 weeks after getting the funding. With everything they have going on in that first 20 weeks and paying off Stu along with paying the lease, insurance, that fine and payroll, I suspect that $100M might be eaten up before the 20 week mark. Elio will have to make sure they have $33M in the bank by week 20 so they can build those 18 E series. The timeline is on the IR section along with how much they need to build 18 E's. So, you'll see how much they are going to be doing simultaneously.

 

[Samalross]

He has twelve weeks to bring out an announcement about progress. If nothing before SEC report, stock will dive below a dollar.

 

[wizard of ahs]

Also, planned to build and test 25 and had the $12 Million of funds in the bank to do it, “a process that will take 3-6 months to complete”.

Things that make you go ..Hmmmmm..

 

[Billll]

FWIW:
For some time now GM has been making its FWD cars in 2 parts with the drive train, engine, trans, wheels, suspension, steering, mounted to its own sub frame and bolted into the rest of the body. An enterprising person could contract to buy the assembled subframes from GM, fabricate a tube frame similar to the Elio complete with body panels, interior, and rear wheel, and bolt the 2 together. This saves a fortune in tooling and fabrication costs and single sources the whole drive train. If you're dying for an Elio, you could probably fabricate one in your garage over the summer. Using salvage parts, you could probably beat Elios price as well.

 

[RSchneider]

FWIW:
For some time now GM has been making its FWD cars in 2 parts with the drive train, engine, trans, wheels, suspension, steering, mounted to its own sub frame and bolted into the rest of the body. An enterprising person could contract to buy the assembled subframes from GM, fabricate a tube frame similar to the Elio complete with body panels, interior, and rear wheel, and bolt the 2 together. This saves a fortune in tooling and fabrication costs and single sources the whole drive train. If you're dying for an Elio, you could probably fabricate one in your garage over the summer. Using salvage parts, you could probably beat Elios price as well.

Pretty much what Factory 5 does right now. For an 818, you buy a donor Subaru and use lots of parts from it. Here's the Subaru disassembly manual. I've seen a number of the 818's and they make various models of them. They could do an Elio and use a Geo Metro for a donor just like Elio did on their first tube frame models (driveline, cooling system, steering column, instrument cluster, steering wheel etc).
https://www.factoryfive.com/wp-content/uploads/2013/10/818-Manual-Disassembly.pdf
https://www.factoryfive.com/818/818s/what-you-get/

 

[Ace]

Pretty much what Factory 5 does right now. For an 818, you buy a donor Subaru and use lots of parts from it. Here's the Subaru disassembly manual. I've seen a number of the 818's and they make various models of them. They could do an Elio and use a Geo Metro for a donor just like Elio did on their first tube frame models (driveline, cooling system, steering column, instrument cluster, steering wheel etc).
https://www.factoryfive.com/wp-content/uploads/2013/10/818-Manual-Disassembly.pdf
https://www.factoryfive.com/818/818s/what-you-get/

Factory Five is one of my favorite car companies. I like they way they go "kit" cars. I took a tour of their factory last summer. I'm going to end up with one of their vehicles in my garage sooner or later.

 

[ddhebert]

I'm a new member. Please forgive me if this is not the correct conversation to reply to. I purchased Elio stock at it's peak price thinking this was a great idea and this car would be what the American consumers need and would purchase. BIG MISTAKE. I'm 67 and need all the money I have, to be able to live out the rest of my life without leaching off the government or my loved ones. I watched the Elio stock very closely after I first made the mistake of purchasing it. I watched the stock jump up, than drop drastically in the course of the trading day. This usually means a large stock holder is cashing out to take the prophets and run. That would be typical if this happened only occasionally but it happened every time the stock jumped a disabled amount until the private investors got suspicious and quit buying large quantities of stock. I can only think that is what the Elio founding fathers have done. In my opinion. .and only my opinion they will continue to drain the company investors and owners dry until there is nothing left. I truly hope I'm wrong but greed is an ugly thing.


QUOTE="CrimsonEclipse, post: 192870, member: 1178"]I recent saw a business model of some component manufacturers that focused on design and sold the manufacturing rights to companies all around the world and was paid a licensing fee per unit.

So why not do the same with the Elio?

Sell the base design but allow the local companies in each region to add and remove features relevant to the local market and government and simply collect the licensing fee?

There are countries across the world that need a small, simple vehicle that's gas powered.
An African manufacturer might install a small diesel. (petrol is less available)
An Indi manufacturer might super simplify the E with roll down windows and minimal sound system and a door on the opposite (or both) side(s).
A Chinese manufacturer might require a future EV system (hint hint)
From an investor point of view, China produces the car for a couple of years, then sells to the USA as a foot in the door for their future automotive offerings.

Production is hard. Maybe it's time to change strategies.

CE[/QUOTE]

 

[booboo]

I'm a new member. Please forgive me if this is not the correct conversation to reply to. I purchased Elio stock at it's peak price thinking this was a great idea and this car would be what the American consumers need and would purchase. BIG MISTAKE. I'm 67 and need all the money I have, to be able to live out the rest of my life without leaching off the government or my loved ones. I watched the Elio stock very closely after I first made the mistake of purchasing it. I watched the stock jump up, than drop drastically in the course of the trading day. This usually means a large stock holder is cashing out to take the prophets and run. That would be typical if this happened only occasionally but it happened every time the stock jumped a disabled amount until the private investors got suspicious and quit buying large quantities of stock. I can only think that is what the Elio founding fathers have done. In my opinion. .and only my opinion they will continue to drain the company investors and owners dry until there is nothing left. I truly hope I'm wrong but greed is an ugly thing.


QUOTE="CrimsonEclipse, post: 192870, member: 1178"]I recent saw a business model of some component manufacturers that focused on design and sold the manufacturing rights to companies all around the world and was paid a licensing fee per unit.

So why not do the same with the Elio?

Sell the base design but allow the local companies in each region to add and remove features relevant to the local market and government and simply collect the licensing fee?

There are countries across the world that need a small, simple vehicle that's gas powered.
An African manufacturer might install a small diesel. (petrol is less available)
An Indi manufacturer might super simplify the E with roll down windows and minimal sound system and a door on the opposite (or both) side(s).
A Chinese manufacturer might require a future EV system (hint hint)
From an investor point of view, China produces the car for a couple of years, then sells to the USA as a foot in the door for their future automotive offerings.

Production is hard. Maybe it's time to change strategies.

CE

[/QUOTE]

I'm a new member. Please forgive me if this is not the correct conversation to reply to. I purchased Elio stock at it's peak price thinking this was a great idea and this car would be what the American consumers need and would purchase. BIG MISTAKE. I'm 67 and need all the money I have, to be able to live out the rest of my life without leaching off the government or my loved ones. I watched the Elio stock very closely after I first made the mistake of purchasing it. I watched the stock jump up, than drop drastically in the course of the trading day. This usually means a large stock holder is cashing out to take the prophets and run. That would be typical if this happened only occasionally but it happened every time the stock jumped a disabled amount until the private investors got suspicious and quit buying large quantities of stock. I can only think that is what the Elio founding fathers have done. In my opinion. .and only my opinion they will continue to drain the company investors and owners dry until there is nothing left. I truly hope I'm wrong but greed is an ugly thing.


QUOTE="CrimsonEclipse, post: 192870, member: 1178"]I recent saw a business model of some component manufacturers that focused on design and sold the manufacturing rights to companies all around the world and was paid a licensing fee per unit.

So why not do the same with the Elio?

Sell the base design but allow the local companies in each region to add and remove features relevant to the local market and government and simply collect the licensing fee?

There are countries across the world that need a small, simple vehicle that's gas powered.
An African manufacturer might install a small diesel. (petrol is less available)
An Indi manufacturer might super simplify the E with roll down windows and minimal sound system and a door on the opposite (or both) side(s).
A Chinese manufacturer might require a future EV system (hint hint)
From an investor point of view, China produces the car for a couple of years, then sells to the USA as a foot in the door for their future automotive offerings.

Production is hard. Maybe it's time to change strategies.

CE

[/QUOTE]
Weclome. Sorry you had a bad trade, **it happens.
Hey, Warren Buffet lost like 5 billion today, you are in good company.

 

[Ty]

You only lose money if you sell, of course. And I doubt anyone took "Prophets" with them... maybe profits though.