The Elio Engine

[RUCRAYZE]

easy on the old guys w/bikes- I had an Indian Chief in boxes for years until you know who said enough- now I can only afford a condo, but you know who's living in MY house.!

 

[Smitty901]

2 months ago I watched another manager miss a project time line by a little bit . Not bad considering the time allotted to do it was questionable from the start. He had his contact canceled on the spot. No other problems in the past nothing. It was explained to him you did not do what you said you would do.
Gone. This happens often. He will land on his feet some where else , he is very good at his job. But it won't be here. Now if he does great things where ever he lands, he could someday end up back here and replace someone that fired him . Just how it works. Do what you say you will do ,or don't say it.
You do not take days off while building it that comes when the product is flowing. We had a high ranking executive took 2 weeks vacation while the new CEO was taking over. When he came back his office was empty. This stuff is not for the 9 to 5 crowd . You are either in all the way of not at all and half measures are meaningless. If you are not ready to lead than take a back seat. Real world what you did yesterday only allows you a chance to show what you can do today nothing more.

 

[John Painter]

Did you read Smitty's post? I'ts about meeting goals. They have missed nearly EVERY goal. And the goals you list that they HAVE accomplished?
Sell excess equipment. Not done. Vehicle statutes. Not done. Build Engine. Not done. Funding. Not done. Secure plant. Provisional but not done.
No one wants to see this Elio built more than me, however I live in the Real world.

I read his post. I guess I have a different understanding of what a goal is, I think Elio's goal is to get their vehicle into production, I think everything they do and don't do is focused on that, whether I understand or agree. I understand you see these milestones getting to production as goals unto themselves, I don't, I see them as a means to an end which may or may not look like they have a beginning and end.

 

[Smitty901]

When you are asking others to put up their money your desire to produce something is about meaningless. They will demand to see results. After looking at your plan, they will want mile stones variable points to show progress toward meeting the end goal. Any failures to met those marks will require detailed explanation. Engine starts 30% of the cash deposited , engine in prototype another 20% ect.
ELIO is paying others to do the engine if the delay was caused by them they need to pay for it. If the delay was caused by Elio they need to explain it.
Someone penciled in the wrong day does not cut it. Lead engineer on project had heart attack may buy you a second chance . Second floor of test build caved in your good for a new date. xxxx said that day did not work for him wrong answer.

 

[John Painter]

When you are asking others to put up their money your desire to produce something is about meaningless. They will demand to see results. After looking at your plan, they will want mile stones variable points to show progress toward meeting the end goal. Any failures to met those marks will require detailed explanation. Engine starts 30% of the cash deposited , engine in prototype another 20% ect.
ELIO is paying others to do the engine if the delay was caused by them they need to pay for it. If the delay was caused by Elio they need to explain it.
Someone penciled in the wrong day does not cut it. Lead engineer on project had heart attack may buy you a second chance . Second floor of test build caved in your good for a new date. xxxx said that day did not work for him wrong answer.

I think all that assumes Elio or any business is so transparent they can just say what they're doing at any moment. Here's a scenario I think is likely after reading a variety of posts, and thinking about it. IAV has a lot of customers, some very big, if the german shepherd barks the little dog gets out of the way. Business being what it is, Elio can't reveal in any way, anything IAV might be doing for another customer, especially in an email blast to people like us. The only option Elio has is to politely swallow some ego and say, truthfully they can't show off the engine "due to several key stakeholders having immovable scheduling conflicts".

 

[RUCRAYZE]

When you are asking others to put up their money your desire to produce something is about meaningless. They will demand to see results. After looking at your plan, they will want mile stones variable points to show progress toward meeting the end goal. Any failures to met those marks will require detailed explanation. Engine starts 30% of the cash deposited , engine in prototype another 20% ect.
ELIO is paying others to do the engine if the delay was caused by them they need to pay for it. If the delay was caused by Elio they need to explain it.
Someone penciled in the wrong day does not cut it. Lead engineer on project had heart attack may buy you a second chance . Second floor of test build caved in your good for a new date. xxxx said that day did not work for him wrong answer.

I usually agree with your positions, but "asking others to put up their money", you know we weren't asked to pluck down $, and expect progress reports- it even states that they might not produce the E, We could have opted to hedge our "bets" with want-ins, but we didn't- even stock holders( talking about us little guys) in a company - have no say, and are just along for the dividends and profits. Here we're just along for the ride!

 

[outsydthebox]

Do what you say you will do ,or don't say it.

It is good to finally know exactly where you stand. You are obviously a man of firm convictions. A man who does not tolerate mistakes of any kind. When you have been lied to, there is no longer any trust in the product being offered, or the entity behind that product. So, let's see if I understand... you will not be buying the Elio, when it is in production, unless Paul is "out" and new leadership is in place?

Your answer?

 

[WilliamH]

I think all that assumes Elio or any business is so transparent they can just say what they're doing at any moment. Here's a scenario I think is likely after reading a variety of posts, and thinking about it. IAV has a lot of customers, some very big, if the german shepherd barks the little dog gets out of the way. Business being what it is, Elio can't reveal in any way, anything IAV might be doing for another customer, especially in an email blast to people like us. The only option Elio has is to politely swallow some ego and say, truthfully they can't show off the engine "due to several key stakeholders having immovable scheduling conflicts".

extract .............."A corporate stakeholder can affect or be affected by the actions of a business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute. It defined stakeholders as "those groups without whose support the organization would cease to exist"..........

Businesses rarely use that type of specific description without a very good reason.

If, indeed, IAV was the one with the "immovable scheduling conflict", this extract from their translated home page could explain it.
........ "05/01/2015 - Berlin. Today IAV opened a new office in Stollberg near Chemnitz. By the end of February 2015 there are about 350 people their jobs (...)" ...........

 

[Smitty901]

It is good to finally know exactly where you stand. You are obviously a man of firm convictions. A man who does not tolerate mistakes of any kind. When you have been lied to, there is no longer any trust in the product being offered, or the entity behind that product. So, let's see if I understand... you will not be buying the Elio, when it is in production, unless Paul is "out" and new leadership is in place?

Your answer?

ELIO number is 8019. And I will be buying at least two Granddaughter will enjoy one. Is not weather or not I can except mistakes they happen.
Investors will not be so forgiving.
ELIO's fails at least 1500 jobs up front never happen. The chance of someone else doing it gets harder. The outside chance the ELIO ends up in another countries hands.
ELIO had to get it out there get a start but they failed to move passed marketing hype. I would have had no issue with ELIO if they had not said, The government loan was not needed to start production. I don't think PE lied about that. I feel he just did not want to believe it. He still hope money would come for some where. When they missed the engine start up no bull one line why.Not story we got pick one.
I want the ELIO built , the $1000 dollars I sent it is meaningless, many better reason I want to see it done. Most are the same as many here, I do know from experience it takes a lot more than good intentions to get it done.

 

[Kuda]

ELIO number is 8019. And I will be buying at least two Granddaughter will enjoy one. Is not weather or not I can except mistakes they happen.
Investors will not be so forgiving.
ELIO's fails at least 1500 jobs up front never happen. The chance of someone else doing it gets harder. The outside chance the ELIO ends up in another countries hands.
ELIO had to get it out there get a start but they failed to move passed marketing hype. I would have had no issue with ELIO if they had not said, The government loan was not needed to start production. I don't think PE lied about that. I feel he just did not want to believe it. He still hope money would come for some where. When they missed the engine start up no bull one line why.Not story we got pick one.
I want the ELIO built , the $1000 dollars I sent it is meaningless, many better reason I want to see it done. Most are the same as many here, I do know from experience it takes a lot more than good intentions to get it done.

↑http://elioowners.com/threads/anyone-else-think-it-wont-happen.1808/page-26#post-55275
I am one degree of separation from Bill through four different people, so it's kinda funny to think about him bankrolling this. One of my pals just met with him this morning. We refer to him as the Great One, largely because of his philanthropy and his interest in funding human health concerns. Cars don't seem to fit Bill, but cars that emit less global warming gas per year than a cow has the ring of something that might actually catch his eye. That's also the reason I mentioned Melinda's checkbook, not his

Now that you mention it though, this might be just the kind of thing he would do. Bill and Warren Buffet are buddies - shared views in many ways and both are avid bridge players. If I learned that either of them were investing it wouldn't surprise me in the least. I've always said that EM is an angel investor play instead of a VC play, and these are the kind of guys Paul is surely hustling for his start-up funds. Maybe that's why Paul is really playing up the social good angle. Hadn't thought of that before.
Warren Buffet funded Chinese Electric Car Maker BYD maybe he would have interest in funding a new revolutionary startup USA Car Company...........a Billionaire average guy personality backing the average guy............a win win.