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Elio Motors Town Hall Meeting With Paul Elio - August 16, 2014

goofyone

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There was another Elio Motors town hall meeting today with a small group of reservation holders getting access to a direct conversation with Paul Elio. This information is available on the Elio Motors Owners Association Facebook page as several of the members there are invited to each town hall. These points are comments from Paul Elio speaking.

1. Elio Motors is working with their suppliers to come up with a web site with proposed options and prices. Based upon how many people vote for items they would purchase and certain price points this would determine if these items will be offered in the Elio Store. This is a way to keep prices under control while allowing for the broadest offerings and not having to buy packages.

The EM suppliers are interested in providing a lot of cool stuff that can be applied to the Elio. Everything from FLIR to lane departure warning system's and lane encroachment systems to fancy seats and all kinds of other really cool stuff.

2. There has not been a final decision however there is a very good possibility the vehicle will be ODB II however there will likely be certain limitations for security and liability reasons. Basically OBD II support is likely however it will likely be a one way stream of data outbound instead of full two way communication however some inputs may be allowed if they can be secured.

3. Every 4 inches there will be blind structural nuts in the roll cage so the little black rubber strips along the top of the vehicle can be pealed off and there will be access to secure something like a roof rack. The chassis developer has a method of building the roll cage and inserting these fixtures inside while they make the roll cage. The right side of the vehicle has the addition of these hard points as well as alternating power points.

4. There is a test for testing tire wheel distortion when hitting potholes. The tire distortion test has been completed and is helping to determine the final road clearance on the vehicle and wheel shrouds. This will result in these being slightly higher than they were in the P4 which should help prevent damage to these items.

5. Reservations will continue to be taken for the entire estimated first year production run. Whether or not reservations will continue past this point is yet to be determined.

6. EM will soon be releasing a picture of the proposed dash and it is along the lines of the Lord Elgin design.

7. Features such as wiring and mount points for trailer hitches are not likely on the first year model. Paul was told that it would take an additional 6 months to test and modify the ESC to accommodate that hence they can't put something in that would give them liability so at least in the first year this would be all on aftermarket suppliers. This is essentially the same answer given several months ago at the last town hall meeting.

8. Elio Motors selects parts based on suppliers being able to supply the correct items in quantities necessary along with the projected longevity of parts availability and quality. 1st priority is given to US companies with products made in the US. Second place is Foreign companies with products made in US. Third is to items produced outside the US.

9. The general color choices currently offered will very likely be the final colors however the exact paint and pigment is still being finalized for each color. Unlike most vehicle manufactures who change their colors every couple of years EM plans on having the exact same colors for many years to come.

9. The ESC will be produced in the US

10. EM is still looking at AC supplier. The one they wanted to use that is available for a current auto will not be available as the auto is being dropped. The AC was manufactured in the US but now they have to find some other options. They are still looking and hoping to make a deal for a US manufactured AC

11. Paul was excited to share that he feels that things are finally really coming together very well with no big speed bumps in the road. Paul said that the reservations numbers have really helped when it comes to investors, suppliers and media. He said he used to go to an investor meeting and the question was "will anyone buy one of these". Now with 27000 reservations that question is gone.

12. Paul told said flatly that they're not designing this engine for a turbo however he did say that if it costs nothing to leave a hole somewhere it is something they could consider. He said that some holes were put in the design by the engineers just in case and IAV are working on a turbo in their spare time so in the future this might come together.
 
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goofyone

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Q&A questions by Silas Sunday. These were asked by the Town Hall attendees and answered by Paul Elio:

Q. Can you share how much of the $200mil has been raised?
A: Applied for Advanced Technology Vehicles Manufacturing (ATVM) loan. There are two other things equal in magnitude. Really big things we just can't talk about right now.

Q. Have they responded yet to the loan application?
A. No they have not. What really happened, we uploaded the data a month ago. Believe it or not when you do a 185 million dollar loan application and it's all online you cannot talk to anybody. And the very last check box is, are your finances audited? And if you say no, you cannot apply. And we didn't have audited financials. So I called up Stew and said, "Who do you use for an auditor?"; so he got me in touch with his auditor, we retained them and it took them a month to get our financials audited. Then we were able to click yes. So they have been looking at our data since we updated it although it wasn't officially applied since yesterday. I got some insight that they like the application.

Q. What is the status on the IAV Motor?
A. All parts are in and are waiting for CNC shop.

Q. Has an AMT product been selected, If so who is it?
A: No, still in discussions.

Q. Can the AMT be flat towed in neutral?
A. Yes, it's a standard transmission. That's something that came up in the tour that people didn't know. You actually get better mileage in our automatic than our standard. Because it's a standard transmission both ways, and one way there's a computer shifting and the other way is a human being.

Q. Single or Dual Clutch AMT?
A. Single.

Q. Will the ESC be built here in the U.S.?
A. Yes, in Alabama.

Q. OBD, Which version will be available: 1 or 2?
A. Doesn't know if a decision was made yet.

Q. Suppliers, what is the current balance, how many are U.S. based?
A. Have been running at about 90% North American content. We are struggling with AC. We may have to offshore AC, if we do I think we're going down to 85%, air conditioning is a big part of the total cost of the vehicle.

Q. Rumor has it, funds have been received for the 25 E models?
A. Waiting on next round of funding. Then will pickup 25 prototypes. There has been an enormous amount of progress in Elio Motors in the last 60 to 90 days and almost none of which I can share publicly unfortunately. I'll ruin good opportunities if I talk about it.

Q. Will the wheel coverings be black accented?
A: Yes

Q. What is the first year projected units?
A. Line one will run at 70% speed and then in 45 days bring line one up to 100% which equals 500 vehicles a day. Then split that team in half and run both shifts at 70% speed and that takes another 45 days to get both lines up to 100% for 1000 units a day.

Q. When will you start being physically in Shreveport factory?
A. Getting ready to liquidate the equipment we don't need, which will make room to make it easier to move and identify what we don't need, but there are multiple options in terms of mathematical value is why we haven't done that yet. We're far enough it just depends if these negotiations pan out whether we go right or left, as soon as we finalize one of those deals you'll start seeing some action in Shreveport. It could happen as soon as a couple of weeks if it goes one way or a couple of months if it goes the other way.

Q. For those of us that want to increase HP, how simple will it be?
A. Well I know for a fact that the engineers at IAV are working on a turbo. That product is not sanctioned by IAV or Elio but they are just excited and are doing it. When Camou presented the engine machining line, they were going through each stage and they said "and we left a hole here in case you want to do a turbo, now it doesn't cost anything to leave a hole, but we just thought we would leave it there in case you might want to do a turbo." I think there's a turbo in the future but not model year one. We just got to launch this start.

Q. Can the engine HP be increased.
A. Yes. By allowing bi-directional communication so instead of having to buy a chip and be super sophisticated you could buy an app and do it.

Q. How many units will be produced for the marshalling centers?
A. I believe the first year we probably won't even use the marshalling centers, we'll already know where all the vehicles are going.

Q.EMOA members are starved for more information; is there anything more you can share with us?
A. The last 90 days we have made tremendous progress and it's all invisible and so I'm sure it makes your job a lot harder. And so far people have been patient with us and hopefully we'll turn that corner and share some good information again. I don't think you'll have to wait that much longer.

Q. Will there be an option to upgrade to a power steering.
A. We have package protected for electronic power steering. If you hydraulic it's a whole different thing. So if you do electronic power steering, it's an electric motor that mounts onto your steering column. This steering column accommodates that and we have the package space for it.

Q. May we order color samples of your seven colors?
A. We haven't finalized the pigment colors yet?

Q. Will there be an option to have the black body panels color match the body paint?
A. So we're doing an option architecture, right, so we are making the vehicle one way and we are encouraging others to come in and if there is demand for that. There will be someone to come up with and sell those.

Q. Interior accents?
A. Right now the body panel accents that are on the P4. Those are planned. Because I like the matching color on the dash to match the outside. So that will happen for sure. The dash inserts we've tried to design them so you can swap that out so if you want to do wood or something we are going to try and accommodate that.

Q. How close are you to reaching the $6800 and 84mpg?
A. Right now if we launched today we are at $7300 and 81mpg. So I'm keeping everyone's feet to the fire pushing towards $6800.

Q. Side view mirrors, can they be replaced with rear view cameras and don't they add to the drag?
A. Write your congressman. Per the federal government we have to have side view mirrors, that's the law. Other manufacturers have tried to get that changed unsuccessfully.
 
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goofyone

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This is a letter sent on August 18, 2014 to the Town Hall attendees:

From Elio Motors.

Hello all.

On behalf of Paul and the entire Elio Motors team, thank you for attending the Saturday, August 16 Town Hall meeting. Over these past 60-90 days, we have realized significant progress in our company history, due in large part to the support of our Elio fans such as yourself.

As discussed, below are several items that we wanted to share as a follow-up to our conversation.

Reservations to Date:
To date, almost 9 out of 10 reservations are “All In” non-refundable reservations.

Top 10 Most Requested Options (in order)
1. Cruise Control
2. Sunroof/Glass Panoramic Roof
3. Hot rod fenders
4. Trailer Hitch
5. Leather/Heat/Power Seat
6. Vented Rear Window
7. Backup Camera
8. Bluetooth Audio/Cell Phone
9. Custom Wraps
10. Spare Tire Carrier

With each day, Elio Motors is one step closer to realizing our vision. Thank you for coming along for the ride.

The Elio Motors Team
 
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zelio

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There was another Elio Motors town hall meeting today with a small group of reservation holders getting access to a direct conversation with Paul Elio. This information is available on the Elio Motors Owners Association Facebook page as several of the members there are invited to each town hall. These points are comments from Paul Elio speaking.

1. Elio Motors is working with their suppliers to come up with a web site with proposed options and prices. Based upon how many people vote for items they would purchase and certain price points this would determine if these items will be offered in the Elio Store. This is a way to keep prices under control while allowing for the broadest offerings and not having to buy packages.

The EM suppliers are interested in providing a lot of cool stuff that can be applied to the Elio. Everything from FLIR to lane departure warning system's and lane encroachment systems to fancy seats and all kinds of other really cool stuff.

2. There has not been a final decision however there is a very good possibility the vehicle will be ODB II however there will likely be certain limitations for security and liability reasons. Basically OBD II support is likely however it will likely be a one way stream of data outbound instead of full two way communication however some inputs may be allowed if they can be secured.

3. Every 4 inches there will be blind structural nuts in the roll cage so the little black rubber strips along the top of the vehicle can be pealed off and there will be access to secure something like a roof rack. The chassis developer has a method of building the roll cage and inserting these fixtures inside while they make the roll cage. The right side of the vehicle has the addition of these hard points as well as alternating power points.

4. There is a test for testing tire wheel distortion when hitting potholes. The tire distortion test has been completed and is helping to determine the final road clearance on the vehicle and wheel shrouds. This will result in these being slightly higher than they were in the P4 which should help prevent damage to these items.

5. Reservations will continue to be taken for the entire estimated first year production run. Whether or not reservations will continue past this point is yet to be determined.

6. EM will soon be releasing a picture of the proposed dash and it is along the lines of the Lord Elgin design.

7. Features such as wiring and mount points for trailer hitches are not likely on the first year model. Paul was told that it would take an additional 6 months to test and modify the ESC to accommodate that hence they can't put something in that would give them liability so at least in the first year this would be all on aftermarket suppliers. This is essentially the same answer given several months ago at the last town hall meeting.

8. Elio Motors selects parts based on suppliers being able to supply the correct items in quantities necessary along with the projected longevity of parts availability and quality. 1st priority is given to US companies with products made in the US. Second place is Foreign companies with products made in US. Third is to items produced outside the US.

9. The general color choices currently offered will very likely be the final colors however the exact paint and pigment is still being finalized for each color. Unlike most vehicle manufactures who change their colors every couple of years EM plans on having the exact same colors for many years to come.

9. The ESC will be produced in the US

10. EM is still looking at AC supplier. The one they wanted to use that is available for a current auto will not be available as the auto is being dropped. The AC was manufactured in the US but now they have to find some other options. They are still looking and hoping to make a deal for a US manufactured AC

11. Paul was excited to share that he feels that things are finally really coming together very well with no big speed bumps in the road. Paul said that the reservations numbers have really helped when it comes to investors, suppliers and media. He said he used to go to an investor meeting and the question was "will anyone buy one of these". Now with 27000 reservations that question is gone.

12. Paul told said flatly that they're not designing this engine for a turbo however he did say that if it costs nothing to leave a hole somewhere it is something they could consider. He said that some holes were put in the design by the engineers just in case and IAV are working on a turbo in their spare time so in the future this might come together.
Am I the only one impressed with this information? I am thrilled to get it all in "writing". Thanks for sharing. :-) Z
 
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