Elio

[oldguyinTX]

The Elio isn't dead yet. 84mpg Divide that by three and that's about what my RT gets.

http://autos.aol.com/article/three-w...loser-to-sale/

[ARtraveler]

An update from yesterday on the internet news.

Elio production is now scheduled for third quarter 2015. It has been moved back again. It is always another year off when they change it.

Elio has applied to the Feds for a $185 million dollar loan. (I and others have said that they were going to need a whole lot of money besides the $100 to $1000 deposits they have been collecting from potential customers.) Will they get a loan?

The latest said they could be purchased at 60 Elio shops in major cities--not franchises. They would be serviced at Pep Boys.

[Chupaca]

Still idle threats...still waiting to see if it all comes to be as advertised for years it seems...

[Rando]

image.jpg
The Elio was a big hit at the Woodward Dream Cruise today. The line to sit in it wrapped around the crowd a couple of times. Paul Elio was present to meet in person and answer questions. He seemed to enjoy responding to all the naysayers.

http://www.woodwarddreamcruise.com

[SNOOPY]

Still ugly.

[Bob Denman]

I like the integrated headlights better. When they were hung on pods off of the snout...
Time will tell, and I'm still hopeful!
I'll let you know, when I get to "optimistic"!

[ulflyer]

I would think they are beginning to ramp up the production shop by now if they expect to produce cars next year. Has anyone seen any pictures yet? All I see is them collection money for "someday down the road".............

[Rando]

Q. When will you start being physically in Shreveport factory?
A. Getting ready to liquidate the equipment we don't need, which will make room to make it easier to move and identify what we don't need, but there are multiple options in terms of mathematical value is why we haven't done that yet. We're far enough it just depends if these negotiations pan out whether we go right or left, as soon as we finalize one of those deals you'll start seeing some action in Shreveport. It could happen as soon as a couple of weeks if it goes one way or a couple of months if it goes the other way.

[Bob Denman]

What the Hell was that???
Quadruple-Speak??

[Oldmanzues]

I have it on wonderfull authority that the Elio is close to going on sale. That is according to the Dayton, Ohio paper today.

Of course there are few problems with the story. It will be licensed as a motorcyle, but they do not have to fllow motorcycle rules, like wearing a helmet or having a endorsement. Still insists it has a five star safety rating. Has A/c, which I had not heard of before. As before, sold in company owned stores, which I believe is still ileagal in Ohio and others.

It wll be interdesting if it ever makes it on the road, what will different states rules be, in light of the Spyder rules on this matter.
Oldmanzues

[DJFaninTN]

Q. When will you start being physically in Shreveport factory?
A. Getting ready to liquidate the equipment we don't need, which will make room to make it easier to move and identify what we don't need, but there are multiple options in terms of mathematical value is why we haven't done that yet. We're far enough it just depends if these negotiations pan out whether we go right or left, as soon as we finalize one of those deals you'll start seeing some action in Shreveport. It could happen as soon as a couple of weeks if it goes one way or a couple of months if it goes the other way.

sounds like this person could work for our current dear leader in Washington. keeps talking but not saying a darn word.

[ARtraveler]

As everyone knows, I have not been the biggest Elio supporter in the world. Have posted many of the things that "don't seem to be right," etc.

Lots of red flags, delays, and seemingly insurmountable obstacles in the way of the product.

Bottom line--I will change my opinion once the Elio's hit the road, people start posting about how much they like them, and what a wonderful, quality machine it is. The $6,800 price and the 84 mpg (highway) will be an added bonus.

[Rando]

http://www.arklatexhomepage.com/story/d/story/elio-applies-for-us-dept-of-energy-loan/29107/ibwbB2afRUWUODVLVGdo_g

[Bob Denman]

I wish them the best of luck!
105 Million?
Will they pay this back, or should I ask for a Tee-Shirt in exchange for my tax dollars?

[ARtraveler]

Old news. See post #2

[Rando]

Old news, new article. I was most interested in this snippet:

"Elio adds the company had its best reservation day this past Saturday. 412 buyers pre-ordered the three-wheeled vehicle at an auto show in Michigan.

The company now has more than 28,000 pre-orders."

see post #4

[ARtraveler]

Old news, new article. I was most interested in this snippet:

"Elio adds the company had its best reservation day this past Saturday. 412 buyers pre-ordered the three-wheeled vehicle at an auto show in Michigan."

"The company now has more than 28,000 pre-orders."

The list keeps growing. Still hope they can pull it off--despite all odds.

[Bob Denman]

Randy,
I'm rooting for them...
But I can't afford to do it with my wallet, until I see product in the parking lots.

[Oldmanzues]

Carbon Motors had a lot better busness plan for making Police vehicles in In, but the fed said no to that one.
It would be interesting to see the Elio make it, but ??
Oldmanzues

[Dan_Ashley]

Carbon Motors had a lot better busness plan for making Police vehicles in In, but the fed said no to that one.
It would be interesting to see the make it, but ??
Oldmanzues

The Feds have approved very few applications. None for three wheelers at all. Very few for two wheelers. I had a list, but I can't find it now. (Edit: http://www.thetruthaboutcars.com/201...re-not-really/ )

from the DOE website, here are the eligibility requirements: I bolded a very important requirement.

ATVM ELIGIBILITY
ATVM loans may be made to applicants who are technically and financially eligible in order to finance the cost of:


reequipping, expanding or establishing manufacturing facilities in the United States to produce ATVs or qualifying components or
engineering integration performed in the United States of ATVs or qualifying components.
In order to be technically eligible for an ATVM loan, an applicant must be either:


an automotive manufacturer satisfying specified fuel economy requirements or
a manufacturer of qualifying components.
In order to be financially eligible for an ATVM loan, an applicant must be financially viable without the receipt of additional federal funding for the proposed project.


Please see Section I of the “Updated Guidance for Applicants to Advanced Technology Vehicles Manufacturing Loan Program” for more information on general eligibility requirements.


If you are not eligible for the ATVM Loan Program, click here to learn about several other government programs that offer support for clean energy projects.

[markyodo]

I would just like to know how they are able to keep the cost down to under $7k vs. something like a Spyder costing $15k - $24k? I am really curious.

[SPECTACUALR SPIDERMAN]

The Elio isn't dead yet. 84mpg Divide that by three and that's about what my RT gets.

http://autos.aol.com/article/three-w...loser-to-sale/

are you talking about dividing the mileage or price by 3

[Bob Denman]

I would just like to know how they are able to keep the cost down to under $7k vs. something like a Spyder costing $15k - $24k? I am really curious.

There's a difference between saying what a price migh be...



...and what it actually turns out to be!

While we are hopeful that they manage to pull this off... I'm not holding my breath!

[Rando]

From the CEO, Paul Elio:

Q. How close are you to reaching the $6800 and 84mpg?
A. Right now if we launched today we are at $7300 and 81mpg. So I'm keeping everyone's feet to the fire pushing towards $6800.

[Bob Denman]

My fingers are crossed for them!!