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09/17/2014 - Tech Talk - Elio Motors Takes Major Step Toward Producing New Vehicle At Massive Shreve

wjdom

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I can't believe no one is commenting on todays news from Elio! We are selling equipment @ Shreveport plant.


Moderator Comment: It is being dicussed in the News forum: Merged into existing discussion thread
 
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imageon

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This is good news.
I have a question about this sentence. Didn't they buy the factory, says rent ?
["Elio Motors will create more than 1,500 jobs in Shreveport, La., where the company will rent approximately 1.5 million square feet of a 4.1 million-square-foot building."]
MK
 

genebee

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This is good news.
I have a question about this sentence. Didn't they buy the factory, says rent ?
["Elio Motors will create more than 1,500 jobs in Shreveport, La., where the company will rent approximately 1.5 million square feet of a 4.1 million-square-foot building."]
MK
No, Elio didn't buy. IRG leased the whole plant, so actually Elio is sub-leasing (or renting) part of the plant.
 
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