As have been mentioned, they have been around since 2008, that's a long time and have very little to show for it People want to compare Elio to the Model T (and Henry Ford). How many deposits did Henry take from potential buyers?
People talk about the economics, the need for such a vehicle at this price point, the market would support it. Well if the economy is so bad, why is FamilyDollar cancelling expansion plans, and closing 370 stores? The customers that shop there are probably a decent percentage of what Elio would consider a target customer. So maybe the low end of the market is not there anymore. Consider this, Europe was going through the same thing during the time the Messerschmitt was built. Look at the production #'s far less than what Elio predicts for a limited first year run.
The Fiat efficiency academy. I think Ford is the one to model yourself after, look at the Camacari plant in Brazil. A model of efficiency. Suppliers close by, and the suppliers have their own employee install THEIR part on the vehicle.
I don't see a problem buying of one manufacture buying another asset from a competitor. GM bought the RenCen from Ford. Companies do it all the time. It's business.
I really don't see this selling 250k a year worldwide at full production. This concept can easily be copied, if they(a manufacture in China) thought this could sell in China they would have copied it by now(Elio around since 2008) and sold their own version by now (like they do the F150).
Funding? Who knows how it's going to happen. Hopefully questions about funding answered later today. Maybe the plan is to continue to sell "limited" edition tshirts until they have the funding..........They don't need to name backers, but it would be nice to know what they have, what they need, and when they need it by.............We have to pay IAV by (date), we have the funds and bill will paid. Our next bill is due(date), we have the money, etc. We have this bill due 6 months from now, we do not have the full amount at this time....whatever..............I think at this point (not knowing how they will fund production) they are better off buying lobbyists to get the funding through some hidden rider on some bill(btw I am opposed to this kind of governement legislation) they wrote (that no one reads until it's passed).
People talk about the economics, the need for such a vehicle at this price point, the market would support it. Well if the economy is so bad, why is FamilyDollar cancelling expansion plans, and closing 370 stores? The customers that shop there are probably a decent percentage of what Elio would consider a target customer. So maybe the low end of the market is not there anymore. Consider this, Europe was going through the same thing during the time the Messerschmitt was built. Look at the production #'s far less than what Elio predicts for a limited first year run.
The Fiat efficiency academy. I think Ford is the one to model yourself after, look at the Camacari plant in Brazil. A model of efficiency. Suppliers close by, and the suppliers have their own employee install THEIR part on the vehicle.
I don't see a problem buying of one manufacture buying another asset from a competitor. GM bought the RenCen from Ford. Companies do it all the time. It's business.
I really don't see this selling 250k a year worldwide at full production. This concept can easily be copied, if they(a manufacture in China) thought this could sell in China they would have copied it by now(Elio around since 2008) and sold their own version by now (like they do the F150).
Funding? Who knows how it's going to happen. Hopefully questions about funding answered later today. Maybe the plan is to continue to sell "limited" edition tshirts until they have the funding..........They don't need to name backers, but it would be nice to know what they have, what they need, and when they need it by.............We have to pay IAV by (date), we have the funds and bill will paid. Our next bill is due(date), we have the money, etc. We have this bill due 6 months from now, we do not have the full amount at this time....whatever..............I think at this point (not knowing how they will fund production) they are better off buying lobbyists to get the funding through some hidden rider on some bill(btw I am opposed to this kind of governement legislation) they wrote (that no one reads until it's passed).
