....for automakers to develop new models? I used the same title from autoblog article. And it says car companies spend enormous amounts developing new models. The price tag to develope new vehicle starts around 1 billion. According to John Wolkonowicz, senior auto analyst for North America at IHS Global, "It can be as much as 6 billion if it's an all-new car on all-new platform with an all-new engine and an all-new transmission and nothing carrying over from the old model". And this is from an established automaker so in relation to a newcomer EM who have to start from scratch, the money they now need might exceed half a billion for a "not so simple after all" ELIO! Paul Elio coming up with a price tag so low that drove most if not all of us to reserve on one or more and think he can pull it off is the trademark of a good salesman. I can only blame ME for not doing my homework. Half a car so half the price was so convincing TO ME at the time and it almost make sense from PE's point of view and of course helping him to succeed in this awesome idea of a 3wheeler is just too good to pass up. It's been 10 years (correct me if I'm wrong) and 5 prototypes later (feel free to correct me) EM is nowhere near where they're suppose to be with more prototypes to build and more money needed to start production. Reality can't be denied and the sooner we wake up to it, the easier it is to accept it. Just my 2 cents worth.
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