Send Email To Dop To Show Support For Elio Motors Loan.

Ty said:

I know.... I was referring to all the UAW jobs that disappeared when manufacturers left Detroit and was inferring it was solely the UAW's fault.... to be funny in an ouch-that-is-a-little-too-close-to-reality-for-comfort kind of way.

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Jay3wheel said:

While not the 800 lb. gorilla it once may have been. The UAW still contributes millions of (members) dollars to election funds (mostly one party [see how I didn't mention which party] each election cycle. For these contributions they EXPECT (demand), their pound of flesh!

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Rickb said:

Although I am neither pro or con Unions I think the vast majority of union members are essentially working stiffs trying to make a living.................certainly not getting rich by any means. It's the Greedy Union Organizers that have moved Unions beyond what they were meant to be. They have the same greed driven philosophy as the greedy Corporations they work for. They are both power and profit driven, but which side benefits the workers?

I'm guessing EM will be a non union shop that will provide their employees with fair compensation in return for a hard days work only in a perfect world. Idea: Elio Motors.........employee owned.

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Jeff Porter said:

Respectfully disagree with you. Car loans are being handed out to folks today which rivals the danger of 2008 when mortgages were given to people that couldn't afford them. People today have bad credit, they want/need a car, and are given a car loan with a huge interest rate and thus monthly payments they can't afford for long.

It's much much more than 25% of reservations for the Elio are all-in... IIRC, it's about 90%. And most of the all-ins are $1k. About 10% are the refundable, folks can correct me if needed.

Not really seeing anything fall apart, per se. And I believe that further delays are inevitable. I'm seeing hints that the target for production may no longer be Sept 2015. EM's Facebook folks are now saying that production will start in 2015, leaving off the '3rd quarter' that they always used to say. I hope those hints that I see are me just imagining things. But at any rate, if delays happen, they will not jeopardize the project, IMO.

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Ty said:

But Elio isn't counting on deposits to fund production and development. That has already been established. Also, Elio has stated that they have enough funds to get through December equipment and begin production. I didn't see anything anywhere that even remotely hints that Elio "has bad credit" either. Odd that piece of info is never talked about...

35,000 reservations merely shows that, if produced, Elio has buyers for the first 35,000 vehicles. Not many new companies have 35,000 customers lined up before they even begin producing.

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Jay3wheel said:

I'm not so sure that if I was PE, I would want to give it away. Do you suppose the workers would work for no pay (or half pay) until an agreed purchase price was reached. I don't think so!

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Rickb said:

No reference to give away. Your statement is the very reason unions were created in the first place, Corporations vs workers. All I said was fair compensation for hard work.

If I was being hired by a new startup company......short on funding and no profitabilty for a few years.........I may work for a little less hourly pay (not half pay) with the understanding that if or when it becomes profitable employees are rewarded with bonus incentives for their hard work and effort that helped make it happen........providing EM Execs are doing the same. I assume EM management will have the advantage of a typical corporate pay structure and bonus package. Will it be fair? We may see a completely different business model from Paul Elio and Elio Motors.

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CompTrex said:

Isn't this what AOL employees did? That's how receptionist ended up millionaires. Took very little pay, but LOT'S of stock options!

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Rickb said:

No reference to give away. Your statement is the very reason unions were created in the first place, Corporations vs workers. All I said was fair compensation for hard work.

If I was being hired by a new startup company......short on funding and no profitabilty for a few years.........I may work for a little less hourly pay (not half pay) with the understanding that if or when it becomes profitable employees are rewarded with bonus incentives for their hard work and effort that helped make it happen........providing EM Execs are doing the same. I assume EM management will have the advantage of a typical corporate pay structure and bonus package. Will it be fair? We may see a completely different business model from Paul Elio and Elio Motors.

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Jay3wheel said:

Actually the part I was reacting to was Employee Owned That is not a requirement for fair compensation for hard work.

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