Since the ATVM loan program is on the chopping block, I bet there was memo sent out to the DoE to stop all ATVM loan progress until the new budget is approved. If the ATVM loan stays, then continue with the program. It's pretty much in a holding pattern.
Three months ago I thought this...
It looks like they curtailed but did not cease. Makes sense because when you already have plenty of debt, it's pretty hard to keep going when the cash in the bank reaches zero. With the reservations they keep getting, that has to be enough to pay for the website and someone to monitor the social...
Remember, if the company goes bankrupt, it doesn't mean that someone has to buy the whole business. Someone could just buy the intellectual property (data, CAD files) and physical property only pertaining to the cars (cars already built, tooling and parts). Then the plant machinery would be sold...
I think they added a lip to the rear because a nice slope like that on the back, is the best way to produce lift. Someone probably discovered that and needed to reduce the lift on the rear, thus the lip. I'd think that a design like the Solo for the rear would make more sense aero wise because...
I wondered about the front fender. Elio went with 135 front tires because they needed less rolling resistance and to do what they can do improve the mileage. So, the fender looked way too big for the size of the new tire. From looking at their latest Momentum, it looks like something a co-op...
I've been in Russia a few times and they are bad drivers. What else they have are the worst roads you can ever imagine. What takes the cake is that they have winter and that just makes things even more exciting.
As for Mexico, the driving is not bad once you get out of the cities. Main reason...
Amazingly enough, Mexico is starting to raise their standards. What companies like Chevy, Nissan and VW d,o is take an older model (i.e. MK IV Jetta) and keep selling it there. It is a global platform that is 95% the same as what was sold here in the US but safety standards have changed since it...
Up to this point, how many different ways has Elio used to raise money? Didn't they use StartEngine to raise money for the 25 engineering cars? Didn't they raise money through 65K reservations? If that's what they did, if I was Elio I'd do that gofundme, kickstarter and whatever else is out...
Toyota sells about 90K per year in Mexico. Plus, as for novelty in that country, that's for the 1% and they buy real high dollar cars. Honestly, I'd be afraid to drive an Elio in a place like Mexico City. You'd either get robbed or run over (go drive around Mexico City for a day). Those front...
Don't be surprised if there haven't been a few investors already look into Elio. When they do, they just don't make a snap decision and say, "That's a really cool car, I'll invest in that." What they really do is hire a bunch of consultants and they go in and look at the company from head to...
Elio did go to bike week in 2014. I guess if you did it today, someone who was interested in it back then and when Elio was throwing around 2015 production dates, they might be turned off when you tell them, It'll be built sometime in 2018 but that depends on the next round of funding. At that...
EM went public on February, 19, 2016. So, I'm just trying to figure out over the past 13 months what the lawyers have and have not allowed to be released. Over that period of time there has been plenty of info released and much of is not good or worthwhile. Did, Elio lawyer up over the last 2...
ATVM loans (like many federal, state and local) are for products that are ready to be built in large numbers. So, Elio needs a car that is production ready and meets their claims and the ATVM loan requirements. So far, three engineering cars is all that anyone in the public has seen. Elio...
I do consulting work for manufacturing engineering. I have worked on everything from automotive all the way down to startups. What i have seen is a small startup can get big and the owners don't realize that they need to protect themselves and plan for disasters (fire, death, lawsuits, etc...)...
What you need is a multi function antennae like most cars have today. It does GPS, Cell, AM and FM. It's just a fin that sticks out the top. I do hope that Elio does include HD radio in their cars. If you haven't tried it, then go rent a new car. It sounds great and just like on TV, there are...
You guys have it all wrong. You put things into a trust because you need to make sure that if something happens to you, someone else will take over and manage it. You don't do this if you are going bankrupt as you will get in a heap of trouble if you do. What you really do is sell everything you...