Ty
Elio Addict
http://www.shreveporttimes.com/stor...01/16/production-wheel-elio-delayed/21849385/
If Elio doesn't get an extension, how likely is it that Stu Lichter will lease the plant to another manufacturer?
After the meeting, Elio said he's raised more than $65 million in capital so far, but he needs $230 million more to begin production.
Developer Stuart Lichter, who's leasing space in the old General Motors Plant to Elio Motors, said he is a firm believer in the start-up automaker, but Elio Motors will not meet the 2015 deadline to reserve its space in the plant as outlined in their contract.
"I'm a real great believer in the car, and I'm also a real great believer in what it would socially do for the economic impact on people who need a low-cost vehicle of quality," Lichter said. "I'm really committed to doing everything I can to get this car into production. But, at the same time, we have a facility. We have investors that we have to be responsible to so I can only go so far."
If Elio doesn't get an extension, how likely is it that Stu Lichter will lease the plant to another manufacturer?
After the meeting, Elio said he's raised more than $65 million in capital so far, but he needs $230 million more to begin production.
Developer Stuart Lichter, who's leasing space in the old General Motors Plant to Elio Motors, said he is a firm believer in the start-up automaker, but Elio Motors will not meet the 2015 deadline to reserve its space in the plant as outlined in their contract.
"I'm a real great believer in the car, and I'm also a real great believer in what it would socially do for the economic impact on people who need a low-cost vehicle of quality," Lichter said. "I'm really committed to doing everything I can to get this car into production. But, at the same time, we have a facility. We have investors that we have to be responsible to so I can only go so far."
