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Friday's The Big Day ... Or Is It?

How long will the engine run during the official "first start" ceremony?

  • Total voters
    85
  • Poll closed .
Neal

Neal

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Rickb said:
I assume the cost of developing and testing a totally new engine design runs in the millions. EM had funding to pre-pay? EM still owes money for the equipment that sets idle in the plant that was going to be paid for by proceeds from the sale of the excess equipment.
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No source, but I imagine they would have to pay up front. I think it would be difficult for a start-up like Elio to get a multi million dollar line of credit from a company like IAV.
 
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goofyone

goofyone

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Neal said:
No source, but I imagine they would have to pay up front. I think it would be difficult for a start-up like Elio to get a multi million dollar line of credit from a company like AIV.
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You are very likely correct. I doubt IAV requires VW or Nissan pay up front however working with a start-up is a whole other ball game and requiring pre-payment is simply a smart business move to ensure they are not left holding the bag.
 
R

Rickb

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goofyone said:
You are very likely correct. I doubt IAV requires VW or Nissan pay up front however working with a start-up is a whole other ball game and requiring pre-payment is simply a smart business move to ensure they are not left holding the bag.
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Personally, I think If EM had a sufficient downpayment to commence work IAV would carry a client through the process accepting payments along the way. EM sold Caddo Parrish to put up $7.5 Million on their potential success and they could have sold IAV as well. Particularly, with 40,000 + pre-orders and Caddo Parrish backing. I doubt EM had funding to pay in full.
 
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