Atvm Loan Requirement Changes

[RonnieB]

Take a look at the article below. It sounds like the ATVM Loan is just about a go.

http://masterherald.com/elio-motors...pendent-carmaker-at-gateway-conference/45552/

Apart from a crowd-funding initiative last year, Elio Motors also secured the Advanced Technology Vehicles Manufacturing (ATVM) loan program under the Department of Energy early this year.

However, as part of its commitment to that specific loan, Elio Motors needed to establish a complicated pricing scheme for the E1A.

From previously being priced at $6,800, the E1A retail price was made $7,000. The $200 increase also comes with a binding or lock-in commitment that would not allow the prospective buyer to change his or her mind about buying the vehicle.

With the so-called binding commitment, those who have placed pre-order on the E1A and shelled out $7,000 can no longer refund their money regardless whether the vehicle comes out on the market as scheduled later this year or not.

 

[Jeff H]

I am not negative on the ATVM loan, but the masterherald.com has had some strangely worded stories, as if they rewrite from other articles to make theirs. IMHO, I would not use it as a primary source for news. Just search masterherald here in the forums and you'll see what I mean.

 

[Jeff Miller]

Take a look at the article below. It sounds like the ATVM Loan is just about a go.

http://masterherald.com/elio-motors...pendent-carmaker-at-gateway-conference/45552/

Apart from a crowd-funding initiative last year, Elio Motors also secured the Advanced Technology Vehicles Manufacturing (ATVM) loan program under the Department of Energy early this year.

However, as part of its commitment to that specific loan, Elio Motors needed to establish a complicated pricing scheme for the E1A.

From previously being priced at $6,800, the E1A retail price was made $7,000. The $200 increase also comes with a binding or lock-in commitment that would not allow the prospective buyer to change his or her mind about buying the vehicle.

With the so-called binding commitment, those who have placed pre-order on the E1A and shelled out $7,000 can no longer refund their money regardless whether the vehicle comes out on the market as scheduled later this year or not.

Rubbish. Regurgitated blogging with no research and out and out miscommunication. I left a critique on the site and they removed it instead of actually addressing all the fallacies in their article.

 

[RonnieB]

Rubbish. Regurgitated blogging with no research and out and out miscommunication. I left a critique on the site and they removed it instead of actually addressing all the fallacies in their article.

It sounded to good to be true. Thanks for the warning on them

 

[floydv]

Wow, as big a supporter of Elio as I am, I wouldn't want to go around touting this article as proof of anything (except, perhaps, that there was indeed at least one child that was left behind).

 

[voyager]

How long ago was whatever it was (article, video discussion, hearsay) that you heard that?
Things have been changing so fast over the last 6 months that anything before that is subject to change.

I admit that this was half a year ago, and that comment was based on an older report. So, like you stated, things do change considerably... particuarly since the ATVM loan was secured!
http://www.ktbs.com/story/31392035/elio-motors-has-lost-53-million-according-to-sec-filing

 

[airforceguy6]

I admit that this was half a year ago, and that comment was based on an older report. So, like you stated, things do change considerably... particuarly since the ATVM loan was secured!
http://www.ktbs.com/story/31392035/elio-motors-has-lost-53-million-according-to-sec-filing

Voyager, where have you heard that the ATVM loan has been secured/completed?

 

[voyager]

Voyager, where have you heard that the ATVM loan has been secured/completed?

RonnieB came up with the article that suggested it:
http://masterherald.com/elio-motors...pendent-carmaker-at-gateway-conference/45552/

 

[voyager]

Love your avatar, airforceguy6!

 

[Ty]

Wow, as big a supporter of Elio as I am, I wouldn't want to go around touting this article as proof of anything (except, perhaps, that there was indeed at least one child that was left behind).

LMFAO!