Momentum V112

[Coss]

Elio Motors Momentum v112

For Elio Motors, being an American company is ingrained into our DNA and influences our direction and goals. American innovation is deeply embedded in the American story, and we aspire to continue this tradition by doing our part in revitalizing American manufacturing.

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*MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

Certain statements in this email 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 email. Elio Motors assumes no obligation to update the information in this email.

 

[Coss]

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It’s Bigger Than Us…

June 28, 2017

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Next week, the United States of America will celebrate its 241st year of independence. The Fourth of July inspires patriotism and reflection on what makes our country great. Patriotism takes many forms, from serving in our armed services to public service. For Elio Motors, being an American company is ingrained into our DNA and influences our direction and goals. American innovation is deeply embedded in the American story, and we aspire to continue this tradition by doing our part in revitalizing American manufacturing.

The importance of manufacturing to the United States’ economy cannot be understated. The manufacturing sector of the United States alone makes up the 9th largest economy in the world. Additionally, the manufacturing industry accounts for approximately 9 percent of total employment, is responsible for 62 percent of all national exports, and contributed $2.17 trillion to the economy in 2015. A thriving manufacturing base is vital the health of the US economy.

The automotive industry, in particular, is an integral component of the economy. Approximately 4.5 percent of all American jobs are supported by the automotive industry and the industry contributes 3-3.5 percent of the total gross domestic product. The American automotive industry spends nearly $18 billion a year on research and development alone.

Despite the importance of American manufacturing, the industry has seen a precipitous decline from its peak in June 1979. Since that year, American manufacturing has seen a nearly 40% decline. The automotive industry has also experienced major losses. The U.S. domestic automotive manufacturing market share was 73.7 percent in 1993, however that number shrunk to 42.4 percent in 2013. Despite the industry’s importance, American automakers (Ford in the news most recently) continue to send manufacturing jobs overseas.

These statistics are disquieting, and we believe that the time has come for an American manufacturing revolution. We have been uncompromising in our mission to build a vehicle in the United States, which is why we have chosen to build our vehicle and create manufacturing jobs in Caddo Parish, Louisiana. It is estimated that upwards of 1,500 Americans will be directly employed in Caddo Parish. From there, we estimate that an additional 1,500 jobs will be created through our supply base, as well as Elio Motors sales and service once we are in full production. Further, approximately 18,000 indirect jobs are projected to be created or sustained nationwide.

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Our commitment to American manufacturing goes further than creating American jobs. By targeting utilization of 90% North American content in and on our vehicle, we aim to have the most American vehicle on the road.

The same American spirit that endeavored to create an independent nation is alive and well. Founding and establishing a new country took an inordinate amount of grit and perseverance, and these characteristics made our country possible. Our mission is to channel this spirit of American ingenuity, innovation, and perseverance by doing our part in welcoming in a new era of American manufacturing.

https://www.eliomotors.com/its-bigger-than-us/
Next week, the United States of America will celebrate its 241st year of independence.

 

[Made in USA]

Sorry, but this Momentum is just a repeat of what they have already said. Are they reaching out for new reservations or what?
The reservations seem to be growing in very small amounts these days. The current reservationists met the goal of 65,000 but that doesn't seem to have made any difference. Perhaps they need 100,000 or more? That would require marketing. I'm afraid they will have trouble convincing potential reservationists that they will start production anytime soon. Hope they make a big announcement soon.

 

[Ty]

This Momentum was pretty non-newsy. I know they aren't advertising for new reservations right now but it seems this momentum is geared to someone with no knowledge of Elio.

 

[booboo]

I really would like to see some newsier Momentums.
Ex:
We are still working on production funding. There are plans for 10 more Engineering series vehicles before production starts. These are ready to be made in Shreveport of stamped steel with all the new design improvements the moment we have the cash in hand. Then it is game on ladies and gentleman, start your ElioMotors engines.

 

[Ty]

I like it and it seems plausible. I'd even settle for less at this point - even little things like changing the information on the supplier's page to reflect what they will actually be supplying or, hey, identifying which parts have yet to be finalized or sourced.

 

[RUCRAYZE]

or my fav- add ons love to do the math and read descriptions.
give me a monthly option, and I'm good

 

[Johnny Acree]

It's the forth of July. What else could they type about?
Yes we would like to hear news that funding has been approved and production is definitely going to start Nov 3rd 2018.
For me, I'm ok with just the fact they are still posting blogs.

 

[Karg]

if Elio would set a firm manufacturing start date (good luck with that one), I'd bet they would get a lot more reservations.
With all the negative publicity, it surprises me that they are even getting some new reservations. But then again, nothing surprises me anymore.

 

[booboo]

It's the forth of July. What else could they type about?
Yes we would like to hear news that funding has been approved and production is definitely going to start Nov 3rd 2018.
For me, I'm ok with just the fact they are still posting blogs.

The Red Hot, Marshmallow, and True Blue.