Ekh
Elio Addict
I'm speculating that that's the case. But it's certainly consistent with the press release.
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Hot Off The Press: Intent To Manufacture Engines Signed With Linamar
- Thread starter floydv
- Start date
my hope is this news will sink into minds of folks who have long spouted that EM didn't have what it takes to build a company capable of manufacturing its vehicle .... naysayers questioned planning that was taking place and, without any level of knowledge of the internal workings of EM, openly declared that they would never be able to build their engines and so on ... unfortunately history tends to indicate that when a few days pass without major positive news, they will go right back into spouting doom and gloom
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Good news travels fast
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Elio Motors, Linamar Sign Letter of Intent to Manufacture and Market the Elio Engine Across the Globe
Linamar to work with Elio engineers to prepare engine for mass production, identify additional global sales opportunities
May 17, 2016, 12:52 ET from Elio Motors
PHOENIX, May 17, 2016 /PRNewswire/ -- Elio Motors, Inc. (OTCQX: ELIO), the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $6,800, today announced that it has signed a Letter of Intent with Linamar Corp, one of the auto industry's leading powertrain development and production companies.
Under the agreement, Linamar will partner with Elio for the manufacturing of the Elio motors for Elio, as well as for engines for global use in the automotive, marine and industrial sectors outside of the US. The powerful, highly fuel-efficient 0.9-liter, 3-cylinder engine, which Elio Motors developed with partner IAV, could have applications far beyond the company's initial vehicle. The engine is expected to achieve up to 84 mpg, yet still reach speeds of more than 100 mph.
"Elio Motors has developed an engine with a rare blend of power and fuel efficiency that could have significant market potential beyond powering the Elio," said Elio Motors founder and CEO Paul Elio. "Linamar will use its global presence and access to international manufacturers in automotive, marine and industrial markets to identify other uses for our engine and open up potential additional revenue for our company."
Linamar also will be a component and sub-system supplier for Elio Motors' other driveline and chassis systems in North America. They will collaborate with Elio Motors to create engine manufacturing capabilities at the Elio Motors' assembly plant in Louisiana to support the high-volume production of the Elio engine.
"We are excited about partnering with Elio on this important engine project, " said Linda Hasenfratz, CEO of Linamar. "Not only does this give us great penetration into ultra-high mileage vehicles, it also gives us a chance to sell this highly efficient engine to a variety of markets and customers."
"Elio Motors is the first startup vehicle manufacturer to develop its own internal combustion engine in the automotive industry in more than 60 years," said Gino Raffin, Vice President of Manufacturing of Elio Motors. "We're looking forward to working with Linamar to manufacture the engine in our Shreveport facility as we move it toward commercial production."
About Elio Motors
Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is engineered to attain a highway mileage rating of up to 84 mpg, while providing the comfort of amenities such as power windows, power door lock and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio's first manufacturing site will be in Shreveport, Louisiana.
About Linamar Corporation
Linamar Corporation (TSX: LNR) is a diversified global manufacturing company of highly engineered products powering vehicles, motion, work and lives. The Company is made up of 2 operating segments – the Powertrain/Driveline segment and the Industrial segment, which are further divided into 4 operating groups – Machining & Assembly, Light Metal Casting, Forging and Skyjack, all world leaders in the design, development and production of highly engineered products. The Company's Machining and Assembly, Casting and Forging operating groups focus on precision metallic components, modules and systems for engine, transmission, driveline and body systems designed for global vehicle and industrial markets. The Company's Skyjack operating group is noted for its innovative, high quality mobile industrial equipment, notably its class-leading aerial work platforms and telehandlers. With more than 24,000 employees in 57 manufacturing locations, 6 R&D centers and 21 sales offices in 17 countries in North and South America, Europe and Asia, Linamar generated sales of $5.2 billion in 2015. For more information about Linamar Corporation and its industry leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements." These statements involve risks and uncertainties, and the Company undertakes no obligation to update any forward-looking information. Risks and uncertainties that could cause actual results to differ materially from planned operations include, without limitation, delays in receipt of adequate financing, delays in commencement of production, decreased consumer interest in the Company's products, downturn in general economic conditions, increased production costs and availability of raw materials, competition, and unfavorable market and regulatory conditions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Readers are referred to the Company's periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The information contained in this press release is a statement of the Company's present intentions, beliefs or expectations and is based upon, among other things, the existing business environment, industry conditions, market conditions and prices, the economy in general and the Company's assumptions. The Company may change its intentions, beliefs or expectations at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise, and it undertakes no obligation to revise or update publicly any forward-looking statements for any reason. The cautionary statements contained or referred to in this press release should be considered in connection with any subsequent written or oral forward-looking statements that the Company or persons acting on its behalf may issue.
Copied from
Elio Motors, Linamar Sign Letter of Intent to Manufacture and Market the Elio Engine Across the Globe
Linamar to work with Elio engineers to prepare engine for mass production, identify additional global sales opportunities
May 17, 2016, 12:52 ET from Elio Motors
PHOENIX, May 17, 2016 /PRNewswire/ -- Elio Motors, Inc. (OTCQX: ELIO), the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $6,800, today announced that it has signed a Letter of Intent with Linamar Corp, one of the auto industry's leading powertrain development and production companies.
Under the agreement, Linamar will partner with Elio for the manufacturing of the Elio motors for Elio, as well as for engines for global use in the automotive, marine and industrial sectors outside of the US. The powerful, highly fuel-efficient 0.9-liter, 3-cylinder engine, which Elio Motors developed with partner IAV, could have applications far beyond the company's initial vehicle. The engine is expected to achieve up to 84 mpg, yet still reach speeds of more than 100 mph.
"Elio Motors has developed an engine with a rare blend of power and fuel efficiency that could have significant market potential beyond powering the Elio," said Elio Motors founder and CEO Paul Elio. "Linamar will use its global presence and access to international manufacturers in automotive, marine and industrial markets to identify other uses for our engine and open up potential additional revenue for our company."
Linamar also will be a component and sub-system supplier for Elio Motors' other driveline and chassis systems in North America. They will collaborate with Elio Motors to create engine manufacturing capabilities at the Elio Motors' assembly plant in Louisiana to support the high-volume production of the Elio engine.
"We are excited about partnering with Elio on this important engine project, " said Linda Hasenfratz, CEO of Linamar. "Not only does this give us great penetration into ultra-high mileage vehicles, it also gives us a chance to sell this highly efficient engine to a variety of markets and customers."
"Elio Motors is the first startup vehicle manufacturer to develop its own internal combustion engine in the automotive industry in more than 60 years," said Gino Raffin, Vice President of Manufacturing of Elio Motors. "We're looking forward to working with Linamar to manufacture the engine in our Shreveport facility as we move it toward commercial production."
About Elio Motors
Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is engineered to attain a highway mileage rating of up to 84 mpg, while providing the comfort of amenities such as power windows, power door lock and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio's first manufacturing site will be in Shreveport, Louisiana.
About Linamar Corporation
Linamar Corporation (TSX: LNR) is a diversified global manufacturing company of highly engineered products powering vehicles, motion, work and lives. The Company is made up of 2 operating segments – the Powertrain/Driveline segment and the Industrial segment, which are further divided into 4 operating groups – Machining & Assembly, Light Metal Casting, Forging and Skyjack, all world leaders in the design, development and production of highly engineered products. The Company's Machining and Assembly, Casting and Forging operating groups focus on precision metallic components, modules and systems for engine, transmission, driveline and body systems designed for global vehicle and industrial markets. The Company's Skyjack operating group is noted for its innovative, high quality mobile industrial equipment, notably its class-leading aerial work platforms and telehandlers. With more than 24,000 employees in 57 manufacturing locations, 6 R&D centers and 21 sales offices in 17 countries in North and South America, Europe and Asia, Linamar generated sales of $5.2 billion in 2015. For more information about Linamar Corporation and its industry leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements." These statements involve risks and uncertainties, and the Company undertakes no obligation to update any forward-looking information. Risks and uncertainties that could cause actual results to differ materially from planned operations include, without limitation, delays in receipt of adequate financing, delays in commencement of production, decreased consumer interest in the Company's products, downturn in general economic conditions, increased production costs and availability of raw materials, competition, and unfavorable market and regulatory conditions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Readers are referred to the Company's periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The information contained in this press release is a statement of the Company's present intentions, beliefs or expectations and is based upon, among other things, the existing business environment, industry conditions, market conditions and prices, the economy in general and the Company's assumptions. The Company may change its intentions, beliefs or expectations at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise, and it undertakes no obligation to revise or update publicly any forward-looking statements for any reason. The cautionary statements contained or referred to in this press release should be considered in connection with any subsequent written or oral forward-looking statements that the Company or persons acting on its behalf may issue.
Love this part
"Under the agreement, Linamar will partner with Elio for the manufacturing of the Elio motors for Elio, as well as for engines for global use in the automotive, marine and industrial sectors outside of the US. The powerful, highly fuel-efficient 0.9-liter, 3-cylinder engine, which Elio Motors developed with partner IAV, could have applications far beyond the company's initial vehicle. The engine is expected to achieve up to 84 mpg, yet still reach speeds of more than 100 mph."
I wonder if they (EM) ever dreamed it would be used like this.
"Under the agreement, Linamar will partner with Elio for the manufacturing of the Elio motors for Elio, as well as for engines for global use in the automotive, marine and industrial sectors outside of the US. The powerful, highly fuel-efficient 0.9-liter, 3-cylinder engine, which Elio Motors developed with partner IAV, could have applications far beyond the company's initial vehicle. The engine is expected to achieve up to 84 mpg, yet still reach speeds of more than 100 mph."
I wonder if they (EM) ever dreamed it would be used like this.
ross
Elio Addict
Buy a crate motor and tranny, put it away and after a few hundred thousand miles when the original gets tired, drop in the transplant and viola a new Elio.
Ekh
Elio Addict
I don't know if it's light enough for aircraft use, but the high torque would be useful there and in some marine applications. A turbo diesel version might be even better! (I drove a turbo diesel powered Fiat IDEA (a miniature wagon) all throughNorthern Italy and the Alps -- little bugger just flew and got 40 mpg doing it).
Typically yes. The IAV/Elio
motor is pre engineered to
accept a turbo. Hopefully in
the second year.
Mel
Elio Addict
Yep, power to weight ratio is important for aircraft use. By the time you add the weight of a cooling system and propeller speed reduction drive this engine probably wouldn't make it. On another note, few aircraft will fly acceptably on 55 hp. Even most Light-Sport aircraft need 100 hp.