Borrow $240 Mil, Or Borrow Alot Less And Start Out Slow?

[John Painter]

NSTG8R, I have fact checked non-politcal souces to my complete satisfaction that the DOE Loan Programs are profitable providing venture capital to qualified applicants, even with those two 'small' failures. No guarantee that every company receiving an approved loan is going to be successful. It's a successful loan program that I hope favors EM's Loan Application.

Otherwise, I'm too busy reading the threads here on Elio Owners. I suppose now they will shut down before approving EM's application after reading your source's conclusion on how big a failure the program has been. GO DOElio!

I was rather proud of my self for thinking Elio Motors could always say the "P" in P4 stands for Poneman.... but I like the DOElio better!

 

[Kuda]

I was rather proud of my self for thinking Elio Motors could always say the "P" in P4 stands for Poneman.... but I like the DOElio better!

Doh.

 

[NSTG8R]

NSTG8R, I have fact checked non-politcal souces to my complete satisfaction that the DOE Loan Programs are profitable providing venture capital to qualified applicants, even with those two 'small' failures. No guarantee that every company receiving an approved loan is going to be successful. It's a successful loan program that I hope favors EM's Loan Application.

Otherwise, I'm too busy reading the threads here on Elio Owners. I suppose now they will shut down before approving EM's application after reading your source's conclusion on how big a failure the program has been. GO DOElio!

Sorry Rickb, not 'trying' to come off as political, but my dislike for Gov't waste and the inevitable fraud that comes with it slides out in my opinions [mental filter] sometimes. I'd get tarred and feathered by either party for my opinions on how they're handling my hard-earned tax money. It just burns my a$$ when something goes down, Solyndra in this situation, and nobody goes to prison for their part in the fiasco. Again, sorry, I'll attempt to keep it on topic and personal opinions at bay.

Okay...one more quote from 'your' source, Mercatus Center, George Mason University:

"Some 2,378 permanent jobs were claimed to be created under the program. This works out to a taxpayer exposure of $6,731,034 per job."


...couldn't help myself.

Hey, brother! At least we agree on wanting Elio Motors to succeed [BIGTIME]! That counts for something!

Back to our regularly scheduled programming...

 

[Folks]

'55 Chevy.

Well I've gone from having a all ten fingers wrapped firmly around a topic of interest to not having a fingernail's idea of the line of conversation here. LOL

 

[Kuda]

Well I've gone from having a all ten fingers wrapped firmly around a topic of interest to not having a fingernail's idea of the line of conversation here. LOL

Well sometimes we all have to take ourselves in hand.....

 

[Ty]

Interesting discussion and replies. My thought on starting off smaller was to maybe assemble vehicles every other day. Then on alternating days, use the assembly line crew to line up all the parts for the next day. Now this thought is coming from a guy that has worked in the service world all my life, and never in a factory. Maybe this arrangement would not work? But they could at least get started, and get some cash flowing in, and get product out , and get this ball rolling. Starting out at a slower place just seems much safer , IMHO. Happy dat, y'all.

It wouldn't work well at all. There isn't a ton of work getting the existing facility swapped over to making Elios. Sure, GM could do it in a few weeks but Elio has already started and they'll be ready on day one. The tricky part will be the logistics of getting all the parts to the actual plant and getting the Elios out of there. (I was an engineer at that GM plant and have a feel for what they are going through... not all of it, but a good feel).

 

[BlioKart]

It wouldn't work well at all. There isn't a ton of work getting the existing facility swapped over to making Elios. Sure, GM could do it in a few weeks but Elio has already started and they'll be ready on day one. The tricky part will be the logistics of getting all the parts to the actual plant and getting the Elios out of there. (I was an engineer at that GM plant and have a feel for what they are going through... not all of it, but a good feel).

What would you guess is the time needed for logistics ?

 

[Jim H]

Sorry Rickb, not 'trying' to come off as political, but my dislike for Gov't waste and the inevitable fraud that comes with it slides out in my opinions [mental filter] sometimes. I'd get tarred and feathered by either party for my opinions on how they're handling my hard-earned tax money. It just burns my a$$ when something goes down, Solyndra in this situation, and nobody goes to prison for their part in the fiasco. Again, sorry, I'll attempt to keep it on topic and personal opinions at bay.

Okay...one more quote from 'your' source, Mercatus Center, George Mason University:

"Some 2,378 permanent jobs were claimed to be created under the program. This works out to a taxpayer exposure of $6,731,034 per job."


...couldn't help myself.

Hey, brother! At least we agree on wanting Elio Motors to succeed [BIGTIME]! That counts for something!

Back to our regularly scheduled programming...

I agree and fraud by either political party is unacceptable no matter how noble their intentions may be.

 

[Folks]

Well sometimes we all have to take ourselves in hand.....

Ok Kuda;
We can take this act on the road. I'll be the straight man you'll be the comedian. LOL

 

[Ty]

What would you guess is the time needed for logistics ?

Outside of the plant, I think almost all of the vendors are experienced and will meet timelines. Elio will, of course, have to set up their requirements. I expect there to be no problem with those companies. The problems I'll predict will be with anything that hasn't been done before by someone who hasn't done it. I'd guess the engine line could cause issues. It wouldn't take many bad castings to slow the line down. I'd also expect there to be a couple of hiccups with small parts being ordered in the wrong quantity or batch size ("What do you mean we ordered 20,000 fasteners packaged 10 to a bag to be shipped one bag per week? We needed 10 bags of 20,000 fasteners shipped once per week!").

Shreveport will have the frame line where the frame gets welded up, the engine line, and the main line. Those two feeder lines are the main ones. The engine will be mated to the transmission in a little line, tires put on wheels, seats assembled to tracks, etc. but those are pretty minor. Comau is helping to set up the line and I'm sure that includes parts delivery as well. GM used a "store" and golf cart trains to deliver parts to the line and I'm sure Elio will do the same. They had a way of knowing how many parts were left and which ones to bring around on their next trip. You can't store ALL your parts at the point of use or the station would be too hard to make efficient. They'll keep enough parts to last the amount of time it will take the parts guy to make his next round. (There were a bunch of parts guys and some stations only have to visited once in a while)

Those jobs on the assembly line were all very easy to learn. It takes doing the job once or twice to get it down. Getting parts to the line, however, is a whole different ballgame.