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

[NSTG8R]

I'm a recovering blamer too, actually. I've got my five year chip. o_O

Recovering blamer? I just read the "comments" section of a Elio/Tesla/Slingshot article that Arilea posted. Sounds like you're "recovered" and went straight up to Crusader [against misconceptions by the "triple-threat" of blamaholics].

 

[pistonboy]

The obvious, and most logical scenario is that IAV has 'custody' of the engine (after the 'scheduled' Dyno tests) and is holding it 'hostage' until Elio Motors PAYS the development BILL! Any company that would schedule and ANNOUNCE a major media event.... without FIRST checking and confirming with their Major Attendees..... does not deserve to run a major automotive company.

What an imagination! You should work for Hollywood.

 

[pistonboy]

I'm a recovering blamer too, actually. I've got my five year chip. o_O

Is this a 12 step program?

 

[Past Fanatic]

So let me get this 'straight', after announcing the THIRD major delay in their production schedule (Jun/Jul 2014->1st Qtr 2015->3rd Qtr 2015->First ½ 2016), Elio Motors has their first MAJOR PROGRESS announcement since the P4; the Public Unveiling of the IAV Engine (hopefully scheduled and coordinated with IAV, important visitors, and the Press, BEFORE announcing the date), 6 Feb 2015. The same engine that took them 7 months (since accepting the cast parts in April 2014) to machine and assemble, and a Dyno testing date (pushed from 15 Nov 2014 to 28/29 Jan 2015); finally ready to reveal to the PUBLIC..... and TWO DAYS prior a 'stakeholder' says they can't attend.... so the entire event is CANCELLED, and can't be re-scheduled in over THREE WEEKS. For such a VITAL component of the Elio Autocycle, with the disclosure of their financial 'shortcomings', and increasing public concern over lack of demonstrated 'progress'; one would think that any important 'Stakeholder', worth his salt, would DEMAND they continue.... without him.... just to increase confidence in the company and encourage future major investors.

Just does not pass the “smell test”!

 

[Rickb]

I believe the only logical reason for the engine start delay and the delayed reschedule announcement is Elio Motors missed a payment to IAV for Engine Development. No way EM paid in full upfront. Yet another reason funding is so critical for any real progress Tech Talks beyond the rehash of old news.

 

[John Painter]

So let me get this 'straight', after announcing the THIRD major delay in their production schedule (Jun/Jul 2014->1st Qtr 2015->3rd Qtr 2015->First ½ 2016), Elio Motors has their first MAJOR PROGRESS announcement since the P4; the Public Unveiling of the IAV Engine (hopefully scheduled and coordinated with IAV, important visitors, and the Press, BEFORE announcing the date), 6 Feb 2015. The same engine that took them 7 months (since accepting the cast parts in April 2014) to machine and assemble, and a Dyno testing date (pushed from 15 Nov 2014 to 28/29 Jan 2015); finally ready to reveal to the PUBLIC..... and TWO DAYS prior a 'stakeholder' says they can't attend.... so the entire event is CANCELLED, and can't be re-scheduled in over THREE WEEKS. For such a VITAL component of the Elio Autocycle, with the disclosure of their financial 'shortcomings', and increasing public concern over lack of demonstrated 'progress'; one would think that any important 'Stakeholder', worth his salt, would DEMAND they continue.... without him.... just to increase confidence in the company and encourage future major investors.

Just does not pass the “smell test”!

What's your point?

 

[JEBar]

What's your point?

other than he's upset and doesn't trust EM, I don't believe he has one .... that said, he sure keeps trying to make it

 

[John Painter]

I believe the only logical reason for the engine start delay and the delayed reschedule announcement is Elio Motors missed a payment to IAV for Engine Development. No way EM paid in full upfront. Yet another reason funding is so critical for any real progress Tech Talks beyond the rehash of old news.

What's your point?

So, you're saying, logically IAV takes on the financial risk up front for an unknown like Elio Motors?

 

[AriLea]

Just does not pass the “smell test”!

Definitely back. We'll see how long this lasts.
You are fairly disgruntled. Why do you waste your breath? Protecting the public from business or government conspiracies? Have nothing else to do? OR does this activity support your own business model?

 

[Rickb]

So, you're saying, logically IAV takes on the financial risk up front for an unknown like Elio Motors?

No I'm saying IAV took on the EM engine development contract with a required down payment to get the work started and required additional payments to cover development milestones along the way. IAV would not release the engine until final payments are in full. Good business with no risk to IAV whatsoever.

It's likely we will still smell the burning fumes of the running engine start soon after a funding source score announcement.

The delays, both production and the engine start event were caused by the absence of Benjamin Franklins, the most important player and progress stops in his absence on the development track to production.IMO