My feeling is that Rivian has the jump on everyone. Bollinger is going to fail unless they can get their claimed range up. Not having an airbag and trying to go over the 10K lb weight class to not have that is going to kill the company. A 10Klb truck, no airbags and a 200 mile range is not what...
Also, just look at what Rivian is doing to build a massive fan base and refundable deposit base for their truck. I know we are all really poor and can't afford one but obviously there are lots of people that can.
That's not uncommon. I would have thought that this would have been cleared up in the original hearing but when a judge asks for information yet again, you just do it. I will bet that Elio proved it within a week of the appeals hearing. There's no reason why they would just lie about that on an...
I'm a bit confused about the $120M. Elio needs $85M in R&D to finish the car (they have spent about $65M so far). I assume that Elio was going to outfit the plant to make engines and then pay Linamar to build them? At this point many of the numbers do not make any sense to me and thus I can't...
The main problem with the Workhorse and Bollinger is that if Rivian can make the claims a reality, these other two trucks will be about 5 years out of the loop. With Rivian teaming up with Ford and Ford already having a dealer/warranty/fleet base, I find it hard to believe that Workhorse will do...
Low tech doesn't mean low price. If this was the case, then Elio would have never released that they were going to not use their engine. The engine was done and super simple and thus means cheap. yet, Elio admitted they were going to save $120M by not finishing it. So, $120M did not come out of...
In the end, Elio has said, "North American Content". The reality is, Paul was right and many people just removed the word "North" and were happy. Technically, 90% of the content could be made in Mexico and the remaining 10% in Brazil. That would fulfill what Paul said legally. As for assembly...
Workhorse Truck:
https://workhorse.com/
Workhorse truck to be built in Lordstown, OH (the shuttered Chevy Cruze plant Elio could have used):
https://electrek.co/2019/05/28/workhorse-plant-gm-trouble/
Here's the Jeep thing:
https://bollingermotors.com/
That's 2.5 years old. Here's something more up to date:
https://www.wxyz.com/news/ford-repackages-factory-investment-plan-will-add-900-jobs-in-michigan
At this point I think if it was 50% USMCA/NAFTA/North American content, nobody would care. It's not like everyone celebrated when VW started building the Passat here in the America, employing about 2K Americans and using 85% North American Content starting in 2012. So, I doubt it's a deal...
They make motion sensors for lights. Like in every hotel in Europe, they go out with no activity in the hallway and then turn on when there's activity. No need to turn them off, they will do it automatically. Move around, they come back on.
That's incorrect. You need to look at the global market, not the US market. There were at least 10 other engines that were more efficient that Elio could have used. It's that everyone just kept thinking "Geo Metro" because that's all they knew. Also, the EU made a special case for emissions and...
You are thinking like Elio Motors then. Aisin is the transmission supplier to Elio and for all we know, Aisin could be their supplier of toilet seats in the Elio plant. Why build a toilet seat when you supplier can do it for you?
http://www.aisin.com/product/life/home/
I've used these toilet...
I had a conversation a while back with a guy who worked for Carbon Motors. They applied for an ATVM loan. If you don't remember, it was going to be a purpose built police car that was going to have the drivetrain and suspension from a BMW 535D. They had a working prototype and a plant in Indiana...
Thanks for finding that. It looks like to me that Elio is looking to raise $25M in the pre-sale. This sounds just like what they said for the NASDAQ offering but it was for $100M. Then for the IPO, it was up to $25M but raised $16M. My concern is that if they raised $25M, that it would do this...
Best thing to do is take the current date and go 76 weeks in the future. If it takes the Eliocoin to fund this project and it comes out at the end of the year, that would mean they would start working in January of 2020 because since they have only a few employees, they will need to be going...
That makes much more sense. It'll be interesting to see how that works out. I wonder what the end of the year is? Will that be December 31 or maybe a few weeks earlier? I'd think that they would like to get it done either a few weeks before Christmas or after the New Year. Typically that's then...