Just Wow!!!

[Elio Amazed]

,,,and thus possibly keep the usage of oil continuing.

I honestly don't think there's any danger of not continuing the usage of oil in one form or another. LOL

I wish PE would take the Elio and show it off in Saudi Arabia.

I think the EU would LOVE this thing if these guys ever get their crap together.

 

[CrimsonEclipse]

I honestly don't think there's any danger of not continuing the usage of oil in one form or another. LOL

I think the EU would LOVE this thing if these guys ever get their crap together.

True, about 50% of petroleum products are used in transportation, with the remaining going to fertilizer, medical, plastics, and other chemicals.
In the world of supply and demand, the difference between a crisis level shortage and a glut of oil is less than 3% production or consumption.
The ability to cut consumption 10% completely changes the market and subsequently, the political landscape.

It would be nice to have the option of 100% domestic oil production and consumption.
Our foreign policies would change dramatically.

 

[RSchneider]

I wish PE would take the Elio and show it off in Saudi Arabia. Not just the top guy in the royal family has money, many members of the royal family have money. Many of them like cars. Very few people in the world (including the royal family) have heard of the Elio. I am sure it would draw a lot of interest. It will still get a lot more mileage than the Achates engine and thus possibly keep the usage of oil continuing.

I hope PE is not so stubborn about "American" that he will let the project die first. No one like that should be a CEO in charge of shareholder's investment.

How much would it cost to ship the Elio to Saudi Arabia?

Here's what I find interesting. People think that just doing a dog and pony show in front of super rich people will just get them to invest by writing a check and telling you, "Just run with it." It doesn't work that way unless you are a professional athlete or lottery winner that is not too bright.

The Saudis are no different than others across the globe. They have boatloads of money and when they get presented an investment opportunity, they send in the experts to look it all over and make sure that it's a good investment. Trust me, everyone with a project like this will tell you it's a surefire thing. That normally changes when you being in the accountants, engineers, chemists, patent lawyers etc. They want to look at everything. If they find that's it's not what they think is a good investment, then they don't get involved. They approve with funding.

I also have found that if they do want to get involved that the head guy needs to give up some control and realize that there will be the experts coming in and checking in quite often. I have discovered, from being hired to check in on these investments, that the ones who stop communicating and only want to report the good items, will fail. The ones that report the good and the bad, will be much better off. Every company hits a rough spot but you just can't just go into a blackout of info because it doesn't look good. If that becomes the case, the funding is stopped (remember they don't just write you a big massive check one day but they pay it out at bits at a time).

As for what I see in funding and from even taking to people at the various SAE conferences, this is what I found out.
1. Invest in new technology that will be answering a problem that will be coming about in 10 years
2. Make sure this technology and design is protected as to make sure that a big Asian company won't just come in and copy it, thus the originator of the idea is broke in 3 years.
3. Track record of transparency.
4. The investors have another level of investors, so they have to answer to them.
5. Relinquish some control and understand that they are not the enemy but just want to make sure their investment is on track.

 

[Frim]

No for me. I want the economy, not extra performance.

I sold the 2005 Baja turbo for 6k and paid 8k for a normally aspirated 2005 Baja. I lost some frills and acceleration but gained a vehicle with 30k less miles. I am happy with the trade although I have less power the fuel mileage is still about 24mpg. I can't help believing that the normally aspirated engine will outlast the turbo. I make these uninformed decisions all the time.

 

[RSchneider]

I sold the 2005 Baja turbo for 6k and paid 8k for a normally aspirated 2005 Baja. I lost some frills and acceleration but gained a vehicle with 30k less miles. I am happy with the trade although I have less power the fuel mileage is still about 24mpg. I can't help believing that the normally aspirated engine will outlast the turbo. I make these uninformed decisions all the time.

Sounds like you made two great choices as long as head gasket and connecting rod failures don’t bother you.

 

[Travelbuzz1]

This is a quote from Coss who contacted Elio on October 17th: Forum - Momentum V177
Yes, that's the word, no more Momentum for a few weeks, I talked to the Elio Team today and this is what I was told.
The blog will still be posted every Friday, but the Wednesday Momentum is going to take a break for a few weeks.
Sorry, I asked them how long, and couldn't get an answer; they are in fund raising mode, and just don't have the time at the present.
But if there is any breaking news, we will know about it as soon as they can tell us.
Sorry folks, but Wednesday Momentums are on hold for a while, trust me I begged and pleated but couldn't get them to change their minds.
Now I was told this would only be for a few weeks, so if you want it back sooner, we'll all have to ask Nicely!!!

 

[pistonboy]

Here's what I find interesting. People think that just doing a dog and pony show in front of super rich people will just get them to invest by writing a check and telling you, "Just run with it." It doesn't work that way unless you are a professional athlete or lottery winner that is not too bright.

The Saudis are no different than others across the globe. They have boatloads of money and when they get presented an investment opportunity, they send in the experts to look it all over and make sure that it's a good investment. Trust me, everyone with a project like this will tell you it's a surefire thing. That normally changes when you being in the accountants, engineers, chemists, patent lawyers etc. They want to look at everything. If they find that's it's not what they think is a good investment, then they don't get involved. They approve with funding.

I also have found that if they do want to get involved that the head guy needs to give up some control and realize that there will be the experts coming in and checking in quite often. I have discovered, from being hired to check in on these investments, that the ones who stop communicating and only want to report the good items, will fail. The ones that report the good and the bad, will be much better off. Every company hits a rough spot but you just can't just go into a blackout of info because it doesn't look good. If that becomes the case, the funding is stopped (remember they don't just write you a big massive check one day but they pay it out at bits at a time).

As for what I see in funding and from even taking to people at the various SAE conferences, this is what I found out.
1. Invest in new technology that will be answering a problem that will be coming about in 10 years
2. Make sure this technology and design is protected as to make sure that a big Asian company won't just come in and copy it, thus the originator of the idea is broke in 3 years.
3. Track record of transparency.
4. The investors have another level of investors, so they have to answer to them.
5. Relinquish some control and understand that they are not the enemy but just want to make sure their investment is on track.

Do "People think that just doing a dog and pony show in front of super rich people will just get them to invest by writing a check and telling you, "Just run with it."? I don't think so. I agree with the rest of what you have said.
Here is what I find interesting. If you don't at least try, you definitely will get nowhere.

 

[RSchneider]

Do "People think that just doing a dog and pony show in front of super rich people will just get them to invest by writing a check and telling you, "Just run with it."? I don't think so. I agree with the rest of what you have said.
Here is what I find interesting. If you don't at least try, you definitely will get nowhere.

Everyone does the dog and pony show. Just remember, that does not get the funding. It's the round two where the experts come in an do the analyses. Pass round two, then you will never make it to round three. Most people do quite well in round one.

 

[Frim]

Sounds like you made two great choices as long as head gasket and connecting rod failures don’t bother you.

As I said, "uninformed choices" I have had 3 Bajas, a brat, and an Impreza sedan. I have yet to experience a failure. Although I did let a dealer scare me into a bad trade when I traded the first Baja to him at 135k miles. The Brat was absolutely the roughest ride I have ever experienced, including go carts and dune buggys.

 

[Smitty901]

Pretty much now Motorcycles have to meet same standards as cars. They have CATs in them EPA standards and they are enforcing them on manufactures. I don't care if ELIO does not get the mileage they had targeted. I don't care if it is not real fast. I just want to see that email that says Balance due. I will deal with any short comings when it gets here.
ELIO # 8019 Still has a home. Of course once it gets here I may give it to my Daughter.