Ty
Elio Addict
I suspect Elio would go with a US manufacturer... Ford and Chevy are both Fortune 500 companies. Linamar may not be Fortune 500 but they DO make a hybrid powertrain and Elio already had some kind of relation with them.
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Just Wow!!!
- Thread starter Johnny Acree
- Start date
Ace
Elio Addict
This is unbelievable. I mean, it's good news, but still unbelievable. If this had been done originally, we might all be driving our Elios by now.
Ty
Elio Addict
RSchneider
Elio Addict
I'd say it would stay the same. They are saving $120M and they don't have to build the motor themselves. That is already done and the new Elio motor will have already been amortized by the OEM. So, Elio will save at least $500/car and that would definitely help the bottom line and speed up when they become cash positive. Within 2 years, Elio will become the most profitable car company in the US if the numbers work out as Elio has stated.
I also saw this news release earlier today. This is very good news, but Elio still has no money to go into production. If they have enough money left to build a prototype or a beta with this new engine, Paul Elio could spend the rest of the company’s money going around showing it to others. I have lost any faith in this company, but I could be wrong. In any case, I have a $1000 all in with a relatively low number.Elio Motors signs MoU with Automotive Fortune 500 OEM to Provide Powertrain; Projects $120 million Research and Development Cost Savings
Download as PDF
September 27, 2018
PHOENIX, Sept. 27, 2018 /PRNewswire/ -- Elio Motors, Inc. (OTCQB: ELIO), developer of the ultra-high-mileage, low-cost three-wheel Elio vehicle, announced that they had entered into a memorandum of understanding with a Fortune 500 OEM, to provide the engine foundation as part of a new powertrain for the Elio vehicle. Elio currently projects that the new powertrain will result in $120 million in research and development cost savings. The company is working with the engineering team at Roush to develop a new Elio prototype employing the OEM powertrain.
"Purchasing an OEM's existing powertrain has an enormous impact on the project, it helps both expedite the timeline, and it directly reduces our capital requirement by about $120 million dollars", said Elio Motors CEO, Paul Elio. "This powertrain will also greatly enhance the Elio's performance by nearly doubling its horsepower while still maintaining class-leading fuel economy at an affordable ultra-low price."
Roush will integrate the new powertrain into Elio's prototype in order to begin preliminary testing procedures. These testing procedures will prepare the Elio for production, which will occur at the Elio Motors manufacturing facility in Shreveport, Louisiana.
The new powertrain will push the Elio's performance specifications far beyond prior consumer expectations. The engine should offer nearly a 100% increase in horsepower rating when compared to initial Elio prototype vehicles. When combined with the Elio's low curb weight, the new powertrain is expected to deliver excellent driver response and a highly improved acceleration time. Even with the Elio's substantial increase in performance, the advanced technology in the new powertrain should enable Elio Motors to achieve their promise of ultra-high fuel efficiency.
About Elio Motors
Founded by car enthusiast Paul Elio, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheel 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 locks, air conditioning and cruise control, 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 Roush
Roush, a full-service product development supplier headquartered in Livonia, Michigan, has over 4,000 employees in facilities located throughout North America, Europe and Asia. Widely recognized for providing engineering, testing, prototype, and manufacturing services to the transportation industry, Roush also provides significant support to the aerospace, defense and theme park industries.
Roush is a subsidiary of Roush Enterprises, Inc., parent company of Roush Fenway Racing; Roush Performance, developer and manufacturer of performance vehicles and products for the automotive aftermarket; and Roush CleanTech, developer and manufacturer of propane-powered trucks and vans for the fleet vehicle market. For more information please visit www.roush.com.
Forward Looking Statements
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in 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. Forward-looking statements are made and based on information available to the Company on the date of this press release. Elio Motors assumes no obligation to update the information in this press release.
*MSRP for non-refundable reservations only and applies only until non-refundable and refundable reservations total 65,000. Total current reservations can be seen at: www.eliomotors.com. MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.
View original content to download multimedia:http://www.prnewswire.com/news-rele...h-and-development-cost-savings-300720234.html
SOURCE Elio Motors
Released September 27, 2018
floydv
Elio Addict
My bet is that it will be Ford's three-cylinder 1.0L (Fox) Ecoboost engine with cylinder deactivation. It seems to fit the specs alluded to in the press release and it's garnered many awards.
https://media.ford.com/content/ford...g-cylinder-deactivation-tech-for-1-0-lit.html
Here are the specs for the Fox engine.
https://media.ford.com/content/dam/...gine/Focus1.0-litre EcoBoost_TechSpecs_EU.pdf
https://media.ford.com/content/ford...g-cylinder-deactivation-tech-for-1-0-lit.html
Here are the specs for the Fox engine.
https://media.ford.com/content/dam/...gine/Focus1.0-litre EcoBoost_TechSpecs_EU.pdf
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slinches
Elio Addict
Why would it matter which OEM supplies the power train? Are your concerns technical or political?
What is political about a Ford engine? Promote the Elio as an American built car but with a power plant built in Germany. And I am not fond of anything Ford builds. They will never get close to the 84 mpg with this engine.
Ace
Elio Addict
Which one do you need it to be?