Elio Plant In Ohio

[RSchneider]

I am sure a plant like that is very expensive and EM is in no shape to purchase it. Perhaps someone else can purchase it and lease it to EM. Perhaps GM would lease it to EM. The article does not rule that out.

Here's who needs to buy it:
http://www.industrialrealtygroup.com
Then lease it to this company:
https://www.eliomotors.com

Here's what happened to the old GM Loraine Assembly plant, the went to Racer Trust, then sold to IRG then sold to Fuyao and what they had to do with it:
https://www.autonews.com/article/20180708/OEM01/180709884/new-life-for-ohio-s-old-gm-plant
More IRG/Racer trust dealings with old GM plant:
https://www.racertrust.org/News/RAC...-for-Sale-of-Buildings-and-Land-in-Pontiac-MI

With Stu there talking to the Gov of OH and Stu getting the Loraine plant in OH with a tenant and creating jobs, this sounds like a very good opportunity that could easily happen with Elio being in OH and moving out of LA. If it wasn't for Stu, Elio would have been out of business 5 years ago. So he is really the one we should be praising for keeping the dream alive.

 

[84mpg]

You got that right....

 

[Bookly]

Here's who needs to buy it:
http://www.industrialrealtygroup.com
Then lease it to this company:
https://www.eliomotors.com

If Elio's problem was the place to build it, this would all be fine. But it isn't.

Elio can't raise money because making a 3 wheeled car for 7 thousand dollars doesn't make sense to potential investors. If it did, Elio would be funded.

Elio has multiple key challenges that prevent a launch. Where to make the vehicle isn't on the big problem list.

A new location launch could create short-term excitement among small investors, but that would at best raise tens of millions. Significant investors won't get fooled by such a diversion. And this thing continues.

 

[Made in USA]

"Eliocoin coming soon...."

https://www.eliocoin.com/

Wish they would define what "soon" means.

 

[RSchneider]

"Eliocoin coming soon...."

https://www.eliocoin.com/

Wish they would define what "soon" means.

They sun is a dying star and will die out soon.

 

[Elio Amazed]

Thanks 84 mpg. Here is another article:

http://gmauthority.com/blog/2019/03...ing-for-company-to-take-over-lordstown-plant/

I am sure a plant like that is very expensive and EM is in no shape to purchase it. Perhaps someone else can purchase it and lease it to EM. Perhaps GM would lease it to EM. The article does not rule that out.

An assembly line building is highly specialized. The assembly line is the heart and the building is built around it. The building may not be useful for anything else.

Yes, but keep in mind that GM has built a wide variety of cars there over the last 53 years. BTW, a 1966 Chevrolet Impala sport sedan was the first car to roll off of the line. This article is complete with a video highlighting the history of the plant. https://www.wkbn.com/local-news/50-...e-plants-history_20180416110616735/1124845961

 

[RSchneider]

Yes, but keep in mind that GM has built a wide variety of cars there over the last 53 years. BTW, a 1966 Chevrolet Impala sport sedan was the first car to roll off of the line. This article is complete with a video highlighting the history of the plant. https://www.wkbn.com/local-news/50-...e-plants-history_20180416110616735/1124845961

Just like this plant in Fenton, MO. They made tons of those Dodge Minivans that were all the rage, plus the ultra successful Ram trucks. The history is great to look at as the plant has been leveled:
https://en.wikipedia.org/wiki/Saint_Louis_Assembly

Then there's the St. Louis Ford plant that made the most successful Ford products ever. It's been leveled 10 years ago:
https://en.wikipedia.org/wiki/St._Louis_Assembly_Plant

 

[LillyMayPatterson #1685 & #5648]

WCI Steel Mill, the former LTV in Warren, OHIO, just up the road from Lordstown, changed hands three times in the preceding few decades before it was sold to a scrap dealer who held one heck of a auction and then had the place leveled to dirt. The plant was over 120 years old and had just built a brand new continuous bar mill and had just put in a zillion dollars to upgrade the blast furnace. Ira Renner was one of the last owners of the mill. His name came up in Shreveport GM plant before it's demise.

 

[Made in USA]

Perhaps plants will be sold to the Japanese? Seeking Alpha article:

Trump says Japan to invest $40B in U.S. car factories
Apr. 28, 2019 12:25 AM ET|About: First Trust NASDAQ Global A... (CARZ)|By: Carl Surran, SA News Editor
Pres. Trump pressed Japan Prime Minister Abe for Japanese automakers produce more vehicles in the U.S. at their meeting earlier this week, according to the U.S. ambassador to Japan.

"The president feels very positive that we will see such movement because all the economics support that," said Amb. William Hagerty.

Trump told a campaign rally in Wisconsin on Saturday that Abe said Japan would invest $40B in U.S. car factories, without providing details.

Toyota (NYSE:TM) said last month it planned to invest $13B in the U.S. over the next five years, topping a 2017 pledge to spend $10B.

Other relevant tickers include HMC, OTCPK:NSANY, OTCPK:MZDAY, OTCPK:SZKMY

 

[RSchneider]

You gotta love politics. They never talk about all of the jobs the Japanese, Germans, Koreans and Chinese have created over the last 20 years in the automotive industry. They will talk about a few GM plants closing like it's the end of the world. Then talk to the Japanese and make it look like their existing plans for US expansion is a new idea. Unless you know where to look, you'd never know that 4000 jobs will be created in Alabama with the Toyota/Mazda plant. That's just a single example.