Momentum V149

[Coss]

Elio Motors Momentum v149

It’s often been said that anything worthwhile does not come easy. We can attest to this sentiment firsthand, as bringing a new vehicle to market is a difficult process. We have not and will not give up. This week’s blog from the archives gives a glimpse into why we believe that producing the Elio is a worthwhile endeavor.





*MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.



Elio Motors 2942 North 24th Street Suite 114-700 Phoenix, AZ 85016 US

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[Coss]

Page 2
The Reason Why
April 4, 2018



It’s often been said that anything worthwhile does not come easy. We can attest to this sentiment firsthand, as bringing a new vehicle to market is a difficult process. We have not and will not give up. This week’s blog from the archives gives a glimpse into why we believe that producing the Elio is a worthwhile endeavor.

In these divisive times, it can seem like Americans from every political leaning and ideology have difficulty finding common ground on any topic. At this point, even the color of the sky seems to be up for debate. Luckily, there is one issue which everyone, regardless of political viewpoint, can get behind: American manufacturing. The benefits of an American manufacturing renaissance would be wide-ranging and benefit every American, both directly and indirectly.

The size and scope of the United States’ manufacturing sector is stunning. If you isolated the American manufacturing industry, it would be the 9th largest economy in the world. In 2016, manufacturing comprised 12 percent of total American economic output and its goods made up half of US exports. Additionally, there are indirect benefits of a strong manufacturing sector: for every dollar spent in manufacturing adds approximately $1.50 by promoting growth in other industries, such as business services, transportation, and retail.

While American manufacturing remains robust, it is a shell of its former self. While the manufacturing sector comprises 12 percent of the GDP today, that number was as high as 24 percent in 1970. There are several reasons why spurring an American manufacturing comeback is vitally important and can benefit all Americans.



Creating Jobs

It may seem obvious, but a manufacturing comeback will help with unemployment and create well-paying jobs for millions of Americans. According to the National Association of Manufacturers, manufacturing jobs on average pay 12% more than all other types of employment. In 2015, the average American manufacturing employee earned more than $80,000. There is ample room in the industry for growth, as 600,000 jobs are ready and waiting for skilled workers to fill them.

Cutting the Deficit

In August of last year, United States Department of Commerce reported that the trade deficit currently stands at $42.4 billion. When the American manufacturing sector was at its height, the United States enjoyed a trade surplus. The growing trade deficit was responsible for the loss of 5 million manufacturing jobs between 2000 and 2014. By placing an emphasis on American manufacturing, we can begin to reverse the growth of the trade deficit and create more jobs for American workers.

Encouraging Innovation

There is no denying that an active and thriving manufacturing industry sparks innovation that benefits all. By spending on Research and Development (R&D), the manufacturing industry allows the United States to remain the world’s leading innovator. The automotive industry, in particular, is an indispensable factor in leading innovation. The automotive industry spends approximately $18 billion per year in the United States on R&D, which represents 16 percent of total R&D. A thriving manufacturing sector can spur innovation that will improve the lives of everyday Americans.

At Elio Motors, our aim is to do our part in encouraging an American manufacturing comeback. We believe that by manufacturing our vehicle in the United States, we can create well-paying American jobs, help reverse the growing trade deficit, and foster American innovation. We plan on doing this by using American parts, American suppliers, and employing American talent.

 

[Made in USA]

Nice to hear they are not going to give up. Now all they need to do is tell us what is really going on. They mentioned previously that they were taking the prototype to suppliers. Does that infer they are still doing some engineering or are they simply telling the suppliers they are still trying to get started? I can probably wait a few more years before the Elio is made, but there may be better alternatives by then.

 

[Johnny Acree]

Well,,, I had some other words typed, but I took a few deep breaths and erased them.
So, I'll just say, I too am happy they are not giving up, and that is enough for me to know.
also I will!, buy what ever they build! because I said I would.

 

[BaldGuy]

Lets hope they don't give up, or we will miss all the history lessons they provide us each week.

 

[Colo-Elio]

Lets hope they don't give up, or we will miss all the history lessons they provide us each week.

Pretty soon I would be "happy" with a kit car Elio, I could assemble! Cheaper or more $?

 

[RSchneider]

Why doesn’t Elio ever show any recent pics of the engineers with the 3 E-Series cars? I know it doesn’t take Teves and Red Dot a year and a half to get their jobs done. They did mention the engineers in the last blog, so they must be around and still employed. Just a pic of some engineer looking at it with a caliper and another standing there with a clip board thinking hard.

 

[bowers baldwin]

From Reddit

 

[BaldGuy]

It's a hefty word and sounds good. Just wish they attempt it as some of their counterparts has.

 

[Terrimom40]

RScneidder I agree totally.
I laughed at the momentems title
"The Reason why", I thought Exactly, The reason why I don't have this car in my driveway is .............?