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

[Yogi Leigh]

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

wjdom,
It is exciting to read about Elio in the national news. Makes it seem closer to production time, and things are getting ramped up.

 

[RogWild]

Good to see some positive announcements, although this has been 'in the works' for a long while. “Major Step”.... They have been saying that they 'planned' to get rid of un-needed equipment for the past year and a half. “The unusual step of selling the surplus equipment”? That is just 'standard practice' for a productive company.... what is so “unusual”? Back in "BusinessWire · Feb. 10, 2014 , it was stated that Elio Motors would use Comau's 'After Sales team' to conduct plant health assessments in order to optimize re-utilization of assets, and determine what machines could not be used, and should be sold. Seems like they finally concluded this task. NOW...... they just have to find some BUYERS!

 

[Anion]

Happy to hear the announcement, so thanks to the Elio staff for the quick posting and emails to everyone. Keep the news coming as we new Elioites are hungry for any news about our precious little cars (motorcycles)...

 

[BlioKart]

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

We? SO what is my cut?

 

[Ty]

We? SO what is my cut?

LOL

 

[Ty]

Good to see some positive announcements, although this has been 'in the works' for a long while. “Major Step”.... They have been saying that they 'planned' to get rid of un-needed equipment for the past year and a half. “The unusual step of selling the surplus equipment”? That is just 'standard practice' for a productive company.... what is so “unusual”? Back in "BusinessWire · Feb. 10, 2014 , it was stated that Elio Motors would use Comau's 'After Sales team' to conduct plant health assessments in order to optimize re-utilization of assets, and determine what machines could not be used, and should be sold. Seems like they finally concluded this task. NOW...... they just have to find some BUYERS!

It was GM's most advanced equipment which they were not allowed to take under the bankruptcy stuff. Perhaps they would like to use that equipment somewhere else. At a small discount, of course.

 

[zelio]

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

I believe the Caddo Parrish Commission bought the entire property and IRG leased it. In turn a portion is being rented by EM from IRG. :-) Z

 

[zelio]

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

Things like this are usually posted in the News forum. :-) Z

 

[goofyone]

Good to see some positive announcements, although this has been 'in the works' for a long while. “Major Step”.... They have been saying that they 'planned' to get rid of un-needed equipment for the past year and a half. “The unusual step of selling the surplus equipment”? That is just 'standard practice' for a productive company.... what is so “unusual”? Back in "BusinessWire · Feb. 10, 2014 , it was stated that Elio Motors would use Comau's 'After Sales team' to conduct plant health assessments in order to optimize re-utilization of assets, and determine what machines could not be used, and should be sold. Seems like they finally concluded this task. NOW...... they just have to find some BUYERS!

It was GM's most advanced equipment which they were not allowed to take under the bankruptcy stuff. Perhaps they would like to use that equipment somewhere else. At a small discount, of course.

Come on RogWild I thought you were more intelligent than that! Of course this has been planned for a while however the logical answer is that they are moving it now because they have a buyer or buyers. The equipment is safe where it is and EM is already paying for the facility so there is absolutely no reason to spend money on moving it other than as the first step of transferring it to a buyer.

As Ty states the buyer could very well be GM as they understand better than anyone what is in that plant.

 

[eddie66]

Come on RogWild I thought you were more intelligent than that! Of course this has been planned for a while however the logical answer is that they are moving it now because they have a buyer or buyers. The equipment is safe where it is and EM is already paying for the facility so there is absolutely no reason to spend money on moving it other than as the first step of transferring it to a buyer.

As Ty states the buyer could very well be GM as they understand better than anyone what is in that plant.

News report and video out of Channel 3 Caddo Parish
http://www.ktbs.com/story/26561565/...-equipment-worth-millions-at-shreveport-plant