8/19/2014 - Arklatexhomepage.com - Elio Applies For Dept. Of Energy Loan....

[goofyone]

Elio applies for Dept. of Energy loan, would green-light Shreveport production:

http://www.arklatexhomepage.com/sto...t-of-energy-loan/29107/ibwbB2afRUWUODVLVGdo_g

 

[goofyone]

Elio applies for Dept. of Energy loan, would green-light Shreveport production:

http://www.arklatexhomepage.com/sto...t-of-energy-loan/29107/ibwbB2afRUWUODVLVGdo_g

This article not only covers the ATVM loan application but also has some info from Paul Elio about the $30 million in additional funding that Elio Motors is also working on which we already know is supposed to be used to complete the vehicle development program.

 

[RMClubfitter]

Elio applies for Dept. of Energy loan, would green-light Shreveport production:

http://www.arklatexhomepage.com/sto...t-of-energy-loan/29107/ibwbB2afRUWUODVLVGdo_g

"In the end, I'm confident we meet the criteria for the loan." I hope Paul is right. Keep our fingers crossed. Thanks for finding this GOne

 

[Jeff Porter]

Thanks for this, excellent.

"... this past Saturday, 412 buyers pre-ordered the vehicle...". Nice! 28,000+ now...

 

[zelio]

This article not only covers the ATVM loan application but also has some info from Paul Elio about the $30 million in additional funding that Elio Motors is also working on which we already know is supposed to be used to complete the vehicle development program.

Great information. Thanks for sharing. :-) Z

 

[AriLea]

"... this past Saturday, 412 buyers pre-ordered the vehicle...". Nice! 28,000+ ..

OK, I think even if just the added 30m is announced, order rates will continue to advance. At the current rate 40k is expected. If the Engine, other prototypes or some crash testing happens, that will be a even bigger boost. So based on that, if we get rate increases before Sept 15th seems that 50k orders by Jan1 is possible.
Yes-Yes, I'm a bit fixated on the subject :-)

 

[CompTrex]

Does anyone know if the government is obligated to respond in a certain time frame on this?

 

[JEBar]

Does anyone know if the government is obligated to respond in a certain time frame on this?

the only time a response within a certain time frame is involved is when they demand info/money/whatever from us .... the government on the other hand customarily structures things to where they don't have to respond in a certain time frame ..

Jim

 

[goofyone]

Does anyone know if the government is obligated to respond in a certain time frame on this?

As far as I have found there is no set timeframe. As Jim said unfortunately it appears to be just whenever the government gets around to it.

 

[CompTrex]

As far as I have found there is no set timeframe. As Jim said unfortunately it appears to be just whenever the government gets around to it.

And I guess the follow-up question, and one that no one knows the answer to or probably wants to ask, is:
What happens to EM if they get turned down? Are we done?