Elio Motors Engine Unveiling 2/6/2015 -3/6/2015

[tonyspumoni]

Wow. IAV made the call eh? I guess the Elio folks must be mighty hot at being made to look so silly. I know I would. Maybe IAV is the one blowing some smoke here. Either way, the facts are we have no motor unveivling on Feb 5th.

 

[Ty]

Will,

Nah. Not bent about be perceived as anything. Puzzled yes, bent no. [And for the record, business accumen is not a term I would at all use to describe any skills I possess. I have a great deal of experience working with startups and capital providers and I work in an industry where companies rise and fall, both public and private. I am sharing what I know which I have readily on more than one occasion acknowledged (as recently a today in fact) could make me totally wrong.]

I'm merely making the point that the delay was handled badly and, in absence of a hard answer on a point so critical as this one, that it was highly unlikely to be have been by chance as it has been portrayed.

Of course we shall see. But the regretable pattern to date has been hype, huff, and delay and until I see otherwise, I fear that this is what we are seeing again.

I agree that the delay was handled poorly. I can only hope it was handled in the way it was for a really good reason. The alternative is to think they are either inept or don't care about the perception they are creating. Neither of those two make sense. They must know what they are up to.

 

[cortsdad2]

They said the problem was with IAV, not an Elio person.

That was NEVER said by Elio... It was a group member here that supposedly has insider contact. I hope it is true but Elio NEVER SAID THAT!!!

 

[Thomas Maule]

Look guys... Rumor has it that IAV had to bail on the engine unveiling. Thats huge for 1 big reason. right now IAV has all the engine experience and Elio has almost none. The plan is to have Elio Motors slowly take over the engine work, step by step, but at this point IAV guys will be doing all the engine work, and that includes firing it up for an unveiling. I would rather have a delay, and even some bad PR because of a delay, than have EM fumble around with a new engine and screw up the unveiling just because they got impatient.

 

[cortsdad2]

its become pretty clear that this point can be made over and over again but some folks will choose not to believe it

Folks will choose not to believe it... BECAUSE ELIO NEVER SAID IT! Blaming IAV came from a group member here. I don't know that it isn't true but Elio isn't the party that said it. Elio made the big claim about a media event for running that engine on Feb. 6th and was just plain stupid for going back on that performance. Of course it is going to make them look bad and further the skepticism about the company's veracity. The longer the delay, the more they hurt themselves...

 

[WilliamH]

Folks will choose not to believe it... BECAUSE ELIO NEVER SAID IT! Blaming IAV came from a group member here. I don't know that it isn't true but Elio isn't the party that said it. Elio made the big claim about a media event for running that engine on Feb. 6th and was just plain stupid for going back on that performance. Of course it is going to make them look bad and further the skepticism about the company's veracity. The longer the delay, the more they hurt themselves...

Elio said it was a "stakeholder issue".
............................
The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute.
It defined stakeholders as "those groups without whose support the organization would cease to exist."
The theory was later developed and championed by R. Edward Freeman in the 1980s.
..........................................
From that definition, a "stakeholder" is not someone that you throw under the bus to avoid some embarrassment.
And Yes. By that definition, we are "stakeholders". But way down the ladder from whomever was referred to in the cancellation notice.

 

[RUCRAYZE]

Stake holders aghhhhhhhhhh

 

[JEBar]

I can see IAV being considered to be a stake holder .... I can see EM not wanting to call them out by name

 

[goofyone]

The reality of the situation is that EM needs their partners, especially EM's engineering, supplier, and government partners, much more than those partners need EM. It would be very short sighted of EM to simply take the easy route and throw partners under the bus when things do not work out as expected. Protecting partner relationships is of vital importance to EM's success so as a result it is in EM's best interest to demonstrate their commitment to all their partners by resolving issues behind the scenes.

When one takes a step back and looks at these issues from the larger viewpoint of the entire project one quickly realizes that this is merely a bump in the road. The reality of the situation from the larger view is that almost nobody even knows about EM at this point, there are not more than a few thousand of us actually following along closely, and the automotive media is used to seeing unfinished prototypes as well as start-ups coming and going so they may comment along the way but what will really matter to them is the final product. The biggest reality is that by the time this vehicle comes to market these bumps in the road along the way will be nothing more than interesting tales to be told by book writers and the small group of us who were following along at the time. Of course everyone in the latter group would have been a huge supporter throughout the entire process.

 

[cortsdad2]

I can see IAV being considered to be a stake holder .... I can see EM not wanting to call them out by name

That may well be, but Elio still never said it was IAV and the rumor that it was on IAV is still nothing more than a rumor...