If this was true then this is what would have happened.
1. The car companies would have told Stu Lichter to not deal with Elio Motors, thus no car plant and equipment
2. The car companies would have told the blue chip suppliers not to deal with Elio Motors
3. The car companies would have told...
Same for the Jeep crowd. I see plenty of Jeeps all tricked out but look pristine. Might as well throw in the Corvette crowd. The car is to take on the world for sportscar racing yet most that own them, look cleaner than when they left the factory. So, there's the idea of what to use a car for...
They speak the truth. Only for right now. It sounds like back in the late 80's when you wanted to tow a trailer with a pickup, the only choice was a Ford 460 or a Chevy 454 (nobody used a Dodge). Diesels were junk. Even into the early 90's, if you had a diesel pickup you were an idiot because of...
Tesla has been setting the standard for crash safety. I have a feeling that with their previous successes, they know a thing or two about how to make it safe. Plus, for crash safety, you can't make a car or truck built like a brick. You have to make it crush because when they put them crash test...
A neighbor years ago worked at a GM dealer and got a Cutlass diesel for free (the customer had enough as the engine went south once again). It was in great condition (because it spent most of the time in the shop). This guy brought it home and pulled the engine out and took it apart. What...
Coincidentally, this was announced yesterday:
https://ww.electrek.co/2019/11/26/lincoln-will-build-an-electric-suv-based-on-rivians-chassis/
Knowing how the traditional car companies work, the F150 Electric will be a rebodied Rivian and whatever plans they had for it just got pushed into a...
Connie was never on the BoD. She was just the CFO which is part of the management team.
Management team:
https://ir.eliomotors.com/management-team
Board of Directors:
https://ir.eliomotors.com/board-of-directors
I agree. I want it to stay the same because I’ll be driving around Airwolf. Then everyone will think I’m Jan Michael Vincent in his hay day. Maybe I can put an optional SpaceX rocket in the back and be like Hooper and jump over a river where the bridge used to be.
If you look at what they spent vs what they raised. The numbers can't support that business plan. They raised about $115M and spent $62M on the car and need an additional $85M (probably now about $60M with the off the shelf engine). The rest was to make payments on the equipment (which is about...
Looks like Tesla has some serious competition. I present the Lordstown Endurance!
https://insideevs.com/news/383751/lordstown-preorders-endurance-ev-pickup/
They could also include:
Carbon Motors
Bright Automotive
Next Autoworks
V-Vehicle
All I have listed never got an ATVM loan and thus went out of business. They all had lots of interest and rock solid business plans yet never got an ATVM loan. V-Vehicle even had Apple, Google, a Texas billionaire...
Then there's going after the CEO. This can be done but it really hard. This is why. There's nothing illegal to paying ESG Engineering to do work on the car. ESG did produce 4 working prototypes and 2 working E series. The design changed over time, thus ESG can prove they were doing something...
First thing is, they stopped taking reservations. So that's a moot point.
As of now, Elio has very little assets. The plant is leased, not an asset. The equipment still needed $3.9M to pay it off (from June 30, 2018). So I doubt Elio raised that money and paid it off. In the end, unless it's...
I know for the last 6 months that I've been trying to get a reservation on an Elio, it never works. Maybe you should try it and see what happens. At least for me, I have a credit card in hand and ready to get a few and it won't let me. I've tried everything from a $100 want in to a $1000 all in...
I see why. That three wheeler normally costs $3,520. That's more than half for an Elio if you put money down early and locked in on the $7K price. It looks like to me it's a $500 item and no more.