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AriLea

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Well, looking at all the arguments, I would have to agree with some disagreeable parts, and uplift some.

The ATVM was never supposed to be the 'only' way forward. So hopefully EM is holding to it's endeavor for other reasons.

But about the ATVM, it is sad, but these guys seem to have shot themselves in the foot. These loans were always in the high 'political' risk area if not the financial one. And the ATVM opted for low political risk. But they created a dis-incentive to new applications by being so visibly underachieving. The applications they actually want are those of low personal risk to the program, but those are the ones that just don't need the help. The end result is the ATVM will loose their station in life. They were not brave, and really they should have been. I'm sure somewhere in congressional dungeons there's been an intent to kill the program by attrition, since outright cancelation is politically risky to congressmen. It's a lot easier if the program seems underachieving.

If your not willing to take a loss for all the gains, you can't play. And that's probably just as much the public as well and the politician's fault. They greatly touted the failings and hardly ever rewarded the successes. So YES, the ATVM got very-very timid.

God help us if Lewis and Clark had looked at those mountains and got so timid. Maybe Alaska would have been Russian, Washington/Oregon as Japanese, and California as Spanish, all territories, maybe even with slavery firmly in place.

Maybe what we need is conversion of the ATVM into the 'We know best, let's make investment great again program' and that would put the shoe on the other foot, since current congress could own that one?

If I were EM, I'd present myself as the best way forward for petrol (to the oil industry) so as to stay relevant in an ever more electrified transportation system. But I suspect big oil will hold on to the idea that bigger cars are the only better cars. Entrenched view points rarely see over the amm well, the trench walls. (yes, I am entrenched, but I have my periscope in my backpack)

LOL, at the same time let's make a presidential pivot and tell the environmentalist forum, the car reduces the oil foot print faster and can easily go electric as a follow-up.

EM pretty much knows that the ATVM is an outlier, now more than ever, and so has never said publicly they 100% depend on it. Although in a number of time periods I'm guessing it has looked like the best way forward to them. Having said that, it doesn't take much effort to keep the application in play, while the ATVM game is considered active(obvious exaggeration).

I just have to believe that the stock sales pursuit, or elsewhere, is worth the effort to EM. And that they are right. Hmmm, I'm sure there must be other 'uplifts' to mention other than what prior posts have offered. We'll keep an open mind?
 
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FC

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ATVM is a government organization, it has salaried government employees with no financial incentive to make loans.
It would not surprise me if the various companies that were encouraged to apply, was done to create "busy work".
Get to appear as if you are working to justify your paycheck, and if you make no loans you do not risk getting yelled at.
 

RSchneider

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Hmmm, I'm sure there must be other 'uplifts' to mention other than what prior posts have offered. We'll keep an open mind?
Let's start with the uplifts. There has to be plenty of them. So I'll start:

The Elio gives up to 92mpg and the ATVM loan only requires 75 mpg. Thus Elio has exceeded the ATVM loan specification by 17 mpg. The technical criteria has been exceeded.
 

Watashiwah

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ATVM is a government organization, it has salaried government employees with no financial incentive to make loans.
It would not surprise me if the various companies that were encouraged to apply, was done to create "busy work".
Get to appear as if you are working to justify your paycheck, and if you make no loans you do not risk getting yelled at.

I agree, and to make it more far-fetched, the only way we would know that a vehicle manufacturer, such as Elio, was ‘invited’ to apply would be because the mfr. told us. The only reasons they would tell us is to pique interest beforehand, or to create an excuse if denied or ineligible. ‘Being asked’ has no relevance to ‘being eligible’ or satisfying the loan criteria. Anyone, or any company, that puts any credence on ‘being asked’ will be surely disappointed if they can’t satisfy the actual requirements. There are a few of these sorts of warning signs that the pros that work for places like NASDAQ and VC firms that see all these alarm bells, certainly.
 
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Samalross

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Let's start with the uplifts. There has to be plenty of them. So I'll start:

The Elio gives up to 92mpg and the ATVM loan only requires 75 mpg. Thus Elio has exceeded the ATVM loan specification by 17 mpg. The technical criteria has been exceeded.
Elio could say up to a million mpg. We don't know what mileage the Elio can get. If they got 92 mpg we would have been hearing about it. It has been two years for the engine to be tested, not a word. Up to is a great term, only means that they did not get more than 92 mpg
 

Elio Amazed

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I agree, and to make it more far-fetched, the only way we would know that a vehicle manufacturer, such as Elio, was ‘invited’ to apply would be because the mfr. told us. The only reasons they would tell us is to pique interest beforehand, or to create an excuse if denied or ineligible. ‘Being asked’ has no relevance to ‘being eligible’ or satisfying the loan criteria. Anyone, or any company, that puts any credence on ‘being asked’ will be surely disappointed if they can’t satisfy the actual requirements. There are a few of these sorts of warning signs that the pros that work for places like NASDAQ and VC firms that see all these alarm bells, certainly.
Paul: "Hey can I apply for the ATVM loan guarantee program today?
Clerk: "Yes, by all means, please do! Hold on and I'll get you the forms." ;)
 

booboo

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