Elio financials..!!

[Bob Denman]

Simply put:
Half the size; rarely means, half the costs!

 

[spyryder]

Nissan has all the manufacturing equipment, dealership network, national reputation, and employees in place. To them, its just another stock keeping unit.

Elio is start up and has nothing in place. Lots of money and other things needed to make this all work.

What about the GM plant and all of the equipment which they've secured in Shreveport? That must account for something?

 

[ARtraveler]

What about the GM plant and all of the equipment which they've secured in Shreveport? That must account for something?

Good point. I am not sure how much actual equipment was left (if any) when GM closed the manufacturing plant. Would guess if there is assembly line equipment in place, that it would require a bunch of re-tooling to be compatible with Elio. We are talking motorcycle (their description) to car here. Could still be a lot of $$$$$$$$ involved. :dontknow:

 

[Dan_Ashley]

What about the GM plant and all of the equipment which they've secured in Shreveport? That must account for something?

Remember it was a Hum vee plant. The Elio is smaller in stature so Some of the equipment mods that come to mind:

1. fiberglass molding
2. robotic NCR welding and programming
3. powder coating equipment and robotic controls
4. assembly line conveyors
5. tire mounting and balancing
6. crane and lift operations throughout
7. crating and prep for shipping
8. fluid (oil, coolant, etc) handling
9. engine and transmission assembly and mounting
10. steering linkage robotic programming
11. Warehousing, racking, binning and inventory control
12. metal stamping and forming.
13. staff selection, training and supervision

I am sure there are more. For a production of 250,000 units, running at 76% efficiency (Very high for a start up), running six days a week, 52 weeks a year you get 24 x 60 x .76 = 1,094 production minutes per day. You have to produce 801 cars a day. That means you have to roll a finished car out every minute and 22 seconds. This means probably 20 to 40 production lines are needed to meet the production goals.

Did I point out that this is a start up and there are bound to be design errors in the assembly lines? Also, this is a brand new product from a company with no track record. There are no production level three wheel cars on the road that I am aware of. Neither the Stallion nor the T-Rex is a mass produced vehicle.

If Elio started on a much smaller scale, perhaps by outsourcing most of the manufacturing and fulfillment functions, he could probably be successful at a wholesale price point of $9,000 or so. Then he could gradually ramp up.

...but with their organizational design, product mix, unit volume, price points and corporate goals, I seriously question the viability of this firm. One of my big concerns is the seeming lack of progress over the last five years. There seem to be few, if any, employees; there are no mechanisms for Elio to recruit engineering staff--not even a place where an engineer can email a resume.

So, it seems to me that Elio has overly optimistic financial pro-formas, unsustainably low price points, no discernible staff, and, other than part time board of directors, no executives.

Investment banker will notice these issues. That will affect start up funding.

 

[spydaman60]

Remember it was a Hum vee plant. The Elio is smaller in stature so Some of the equipment mods that come to mind:

1. fiberglass molding
2. robotic NCR welding and programming
3. powder coating equipment and robotic controls
4. assembly line conveyors
5. tire mounting and balancing
6. crane and lift operations throughout
7. crating and prep for shipping
8. fluid (oil, coolant, etc) handling
9. engine and transmission assembly and mounting
10. steering linkage robotic programming
11. Warehousing, racking, binning and inventory control
12. metal stamping and forming.
13. staff selection, training and supervision

I am sure there are more. For a production of 250,000 units, running at 76% efficiency (Very high for a start up), running six days a week, 52 weeks a year you get 24 x 60 x .76 = 1,094 production minutes per day. You have to produce 801 cars a day. That means you have to roll a finished car out every minute and 22 seconds. This means probably 20 to 40 production lines are needed to meet the production goals.

Did I point out that this is a start up and there are bound to be design errors in the assembly lines? Also, this is a brand new product from a company with no track record. There are no production level three wheel cars on the road that I am aware of. Neither the Stallion nor the T-Rex is a mass produced vehicle.

If Elio started on a much smaller scale, perhaps by outsourcing most of the manufacturing and fulfillment functions, he could probably be successful at a wholesale price point of $9,000 or so. Then he could gradually ramp up.

...but with their organizational design, product mix, unit volume, price points and corporate goals, I seriously question the viability of this firm. One of my big concerns is the seeming lack of progress over the last five years. There seem to be few, if any, employees; there are no mechanisms for Elio to recruit engineering staff--not even a place where an engineer can email a resume.

So, it seems to me that Elio has overly optimistic financial pro-formas, unsustainably low price points, no discernible staff, and, other than part time board of directors, no executives.

Investment banker will notice these issues. That will affect start up funding.

dan, think i'll put a call into "mr. elio" and tell him he better speak to you before he goes any farther!! looks to me like all he'll be going to is jail!! :roflblack::roflblack:

 

[Dan_Ashley]

dan, think i'll put a call into "mr. elio" and tell him he better speak to you before he goes any farther!! looks to me like all he'll be going to is jail!! :roflblack::roflblack:

I don't think what he is doing is criminal. I just think he would benefit from engineering management consulting. Like hiring Parsons Engineering, or Beckham etc. this would not be inexpensive. Planning skills like that will run in the $100,000 range...or more.

 

[Rando]

I was able to locate a video of the very first Elio prototype test drive. Enjoy!

http://imageevent.com/okbueno/mopic;jsessionid=b80mzkwlu2.eagle_s?p=41&n=1&m=-1&c=10&l=0&w=4&s=0&z=2

 

[Bob Denman]

I don't think what he is doing is criminal. I just think he would benefit from engineering management consulting. Like hiring Parsons Engineering, or Beckham etc. this would not be inexpensive. Planning skills like that will run in the $100,000 range...or more.

I would guess that he was being, "Overly optimistic"; for the benefit of prospective investors and customers... :yikes:

I'm still hopin'... :thumbup:

 

[Papa Jim]

1 more 4 Elio

I put up $100 for a deposit. Here's my thinking, after doing some research on it I believe he was being truthful, as far as delivering a very economical car.I figured it was worth the risk. If he can deliver it and it's not a piece of crap it could be very beneficial for this country.If he fails I want to believe he really believed he could do it, and for that alone it is worth $100 to meStefan

I couldn't have said it better , finally someone who sees the posibility and is willing to help bring it to pass.

 

[Dan_Ashley]

I couldn't have said it better , finally someone who sees the posibility and is willing to help bring it to pass.

I think he believed he could have done it too.

 

[ahh-cool]

Chevy Sprint

I agree with Dan Ashley. I am not putting a dime until I see a finished product. The idea of placing a deposit for a company that doesn't even have a single product to prove how reliable they are, is a risk itself. Numbers are like scriptures, everybody can read them, and interpret them as they see them. You can change the numbers all you want, but until the product is not out there and prove to the rest of the world this is what is going to change our views, the idea of a $6,800 vehicle getting 84 MPG is still to be seen, no matter how much the CEO can go out there and show us prototype(s).

This is just my opinion. Hopefully those that gave the big deposits will get their product and be happy. I can wait a few years while the Elio takes it's growing pain years out of the way... in the meantime my garage is full as it is.

I believe it was 1980 That I purchased my first new car. It was a Chevy Sprint. I don't remember how much I paid but I do remember getting 65 M.P.G.(stick shift)
I gave that car to my sister who lives in N.Y. and she told me how after the snow plows would cover the cars everybody else had to dig their cars out and it would just drive over the snow embankment.
anything is possible you just have to believe
If you can dream it, you can achieve it
Stefan