Thread(s) Of Elio As Long-distance Highway Machine

[Smitty901]

nice .... you'll enjoy the Dragon

While the Dragon is not the hardest road to ride and not very long it is a great ride. We road it 9 times in one about 4 years ago. Met a friend at the south end he decide to ride back north with us. Then we met some riders that have never ridden it so we rode south with them. Then it just got out of hand like many rides do.
I have traveled the world been to parts of not many see , This country has way to much to do and see for me to spend a dime traveling anywhere else anymore.

 

[JEBar]

While the Dragon is not the hardest road to ride and not very long it is a great ride. We road it 9 times in one about 4 years ago. Met a friend at the south end he decide to ride back north with us. Then we met some riders that have never ridden it so we rode south with them. Then it just got out of hand like many rides do.
I have traveled the world been to parts of not many see , This country has way to much to do and see for me to spend a dime traveling anywhere else anymore.

I grew up on the mountains just east of the Dragon and agree with your assessment of it .... my wife grew up on the flatland of South Dakota and almost has to be sedated to ride on a road like the Dragon .... we completely agree with your comment about traveling this country .... we've been to all of the lower 48 and are getting ready to start on our "Go Back To List" as well as our "We Missed It The First Time List"

 

[Smitty901]

I grew up on the mountains just east of the Dragon and agree with your assessment of it .... my wife grew up on the flatland of South Dakota and almost has to be sedated to ride on a road like the Dragon .... we completely agree with your comment about traveling this country .... we've been to all of the lower 48 and are getting ready to start on our "Go Back To List" as well as our "We Missed It The First Time List"

Sad part is ,clear now the trip will never be made in a ELIO. The Harley will have to do. One more move of the goal post is a coffin nail for them.

 

[JEBar]

Sad part is ,clear now the trip will never be made in a ELIO. The Harley will have to do. One more move of the goal post is a coffin nail for them.

I don't know that it will never happen, still have hope that they will be able to get things together ..... I do believe that another delay beyond mid 2016 would be very hard for them overcome

 

[Mike W]

I don't know that it will never happen, still have hope that they will be able to get things together ..... I do believe that another delay beyond mid 2016 would be very hard for them overcome

Probably correct on that. We'll see, sit and wait eh?

 

[Smitty901]

Probably correct on that. We'll see, sit and wait eh?

Hope your are right. The end of 2015 was kind of a line in the sand for them. Coming back after not even coming close will be hard.
It would be one thing if plant was up and getting started and the had to delay a bit, there is nothing much of anything happening.
This is not a logistics problem or a manufacturing issue it is plain and simple no money. The one issue that is hardest to over come.

 

[pistonboy]

I don't know that it will never happen, still have hope that they will be able to get things together ..... I do believe that another delay beyond mid 2016 would be very hard for them overcome

I believe it will still happen. They are now doing with the financing what they have been doing all along with the vehicle: rely on specialist in that area instead of doing it themselves. Specialists are always better than amateurs.

In fact, now that I think of it, financing is often the most critical part of any start up company. Why in the world did they try to do it themselves on such a critical area. They are engineers. They are amateurs when it comes to finance and it shows. I am much more optimistic now that they have experts handling finances as it should have been from the beginning.

Is there a "control" issue in this company?

 

[goofyone]

I believe it will still happen. They are now doing with the financing what they have been doing all along with the vehicle: rely on specialist in that area instead of doing it themselves. Specialists are always better than amateurs.

In fact, now that I think of it, financing is often the most critical part of any start up company. Why in the world did they try to do it themselves on such a critical area. They are engineers. They are amateurs when it comes to finance and it shows. I am much more optimistic now that they have experts handling finances as it should have been from the beginning.

Is there a "control" issue in this company?

It is important to study the past before trying to draw conclusions as the truth is that this is not EM's first attempt at a private placement. EM's previous venture into the world of private placements, similar to what Corporate Fuel Securities is doing for EM now, ended badly for them as the deal collapsed after EM suffered the long delay in securing the Shreveport plant thanks to all the outside interference including a lawsuit. If you search the forum for private placement you can find references from some well respected forum members, including at least one who even spoke to Paul Elio directly, where the ongoing private placement was discussed nearly a year ago. A private placement was actually EM's original plan however this was delayed by the delay in securing the Shreveport plant and during the delay period EM also came up with the plan to fund themselves using equipment sales proceeds and the ATVM loan.

In my opinion there is no 'control' issue and EM is actually doing as good a job as they can to stay ahead of issues however a lot of this simply takes time. We know that Corporate Fuels Securities did due diligence on EM for 90 days before the the private placement went public at the beginning of the year. This tell us that the due diligence period began in the early October time period however EM must have contacted them and began discussing the process at least a few weeks, if not a few months, before this which goes back at least to September and likely earlier.

EM is essentially running their older private placement funding plan along side the newer equipment sales/ATVM loan plan. This is a very smart move for EM as it gives them several combinations of funding sources in process at the current time which could work out to provide the funding they need for production. Contrary to what many may wish to believe EM is not making up financial plans entirely as they go along but instead simply adapting their plans and using their experience to overcome whatever issues they are encountering.

 

[Truett Collins]

I believe it will still happen. They are now doing with the financing what they have been doing all along with the vehicle: rely on specialist in that area instead of doing it themselves. Specialists are always better than amateurs.

In fact, now that I think of it, financing is often the most critical part of any start up company. Why in the world did they try to do it themselves on such a critical area. They are engineers. They are amateurs when it comes to finance and it shows. I am much more optimistic now that they have experts handling finances as it should have been from the beginning.

Is there a "control" issue in this company?

Look at the Board:

James. Holden is the former Chief Executive Officer of DaimlerChrysler, where he worked in various leadership positions for 19 years. His roles included Executive Vice President of Sales and Marketing responsible for directing all of the automaker’s sales, fleet and marketing organizations in the United States, Mexico and Canada, including Mopar parts operations. In addition, he serves as a director of Sirius XM Radio, Inc., Snap-on, Inc. and Speedway Motorsports. Mr. Holden was a director of Motors Liquidation Company until its dissolution in December 2011. Formerly, Mr. Holden served as a director for Meridian Automotive Systems, Inc.


Ken Way served as the Chief Executive Officer of Lear Corporation from 1988 to September 2000 and Chairman of the Board from 1988 to December 2002. Mr. Way served with Lear Corporation and its predecessor companies for 37 years in various engineering, manufacturing and general management capacities. During his career he has served as a Director for several organizations, including Wesco International Inc., Wesco Distribution, Inc., CMS Energy Corporation, Consumers Energy Company of Consumers Gas Group, North American Rubber Inc., Cooper-Standard Holdings Inc. (formerly, Cooper- Standard Automotive Inc.), Cooper-Standard Automotive NC L.L.C. and Cooper-Standard Automotive FHS Inc., United Way Cancer Institute, Business Leaders for Michigan, RP Scherer Corporation, Lear Corp., Comerica Inc. (Holding Company of Comerica Bank), Catalent Pharma Solutions Inc., and Detroit Renaissance, He is a Trustee of Kettering University


Stuart Lichter is founder, President and Chairman of the Board for IRG, LLC. He oversees all critical aspects of the business, including acquisitions, leasing, and property management at IRG. Mr. Lichter has held positions with General Services Administration of the United States Government, Mortgage Loan Department of New York Life Insurance Company, Marine Midland and started Quadrelle Realty Services, Inc. In recent years, he has acquired, in various forms and partnerships, over 100 industrial and commercial properties with a total size in excess of 100,000,000 square feet-making the portfolio the largest private holding of industrial and commercial real estate in the nation. Mr. Lichter is a national leader in transforming former military bases and industrial sites into thriving retail, residential and business.


Hari Iyer is Chairman & CEO of Pamban Energy Systems, a company specializing in enhanced oil recovery using advanced simulation tools. He has nearly 25 years of business strategy, product development and operations experience in the automotive industry.

Before Pamban Energy, Mr. Iyer was Executive Vice President at Envia Systems. At Envia, he led all customer-facing commercialization and scale-up efforts. Prior to Envia, Mr. Iyer was Vice President, Engineering at Next Autoworks Company, a Kleiner Perkins funded automotive startup. At Next Autoworks, he led the creation of a North American auto industry first vehicle development process, which involved true supplier collaboration of more than 65 major Tier-1 and Tier-2 suppliers. Before that, Mr. Iyer was co-founder and Chief Operating Officer at Elio Engineering, a product development firm specializing in automotive and clean tech applications. Prior to Elio, Mr. Iyer was an engineering analyst at Johnson Controls, working with the various automotive component groups and their OEM customers.


David C. Schembri previously was the President of smart USA, a Penske Automotive Group company. He was responsible for the successful launch of smart USA (a division of Mercedes-Benz), which included establishing and maintaining a sales and service retail network, customer relations, logistics, advertising, marketing, PR, government relations, and a parts distribution network.

Mr. Schembri has over 35 years of automotive experience. The majority of his career was realized in various executive positions at Mercedes-Benz and Volkswagen. While at Mercedes Benz, Dave served as both the Vice President of Sales and Vice President of Marketing. During his tenure, Schembri was responsible for several successful product launches while the company recorded 11 consecutive record years in new vehicle sales. In addition to his corporate responsibilities, Mr. Schembri served on the Board of Directors for the Boomer Esiason Foundation (BEF) in their effort to raise funds for research to find a cure for cystic fibrosis

 

[Catia]

The Elio Mission
To provide a fun-to-drive, supereconomical personal transportation alternative, based on a list of consumerfocused “must-haves” that keep our vehicles affordable, safe, and environmentally friendly.
We are committed to the American dream, creating American jobs, and bringing American automotive ingenuity to every vehicle we build.
This is, and will remain our mission at Elio.