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Elio Motors financial situation is a hoot
Posted on 5/2/17 at 10:41 am
Posted on 5/2/17 at 10:41 am
Keel radio
The SEC makes them release the data. They have 128K in the bank after all these years. They need 376M to start building cars.
When they first got help from the Caddo Commission I thought 'if all the banks in Michigan turned them down there might be a reason.'
The SEC makes them release the data. They have 128K in the bank after all these years. They need 376M to start building cars.
When they first got help from the Caddo Commission I thought 'if all the banks in Michigan turned them down there might be a reason.'
This post was edited on 5/2/17 at 10:42 am
2
Posted on 5/2/17 at 10:50 am to Zach
Do you know if the Elio limbo for all these years has kept any other "shovel ready" plans for the old GM plant from going forward? If so someone should go to jail.
The Caddo Commission seems like the biggest bunch of dumbasses ever assembled.
The Caddo Commission seems like the biggest bunch of dumbasses ever assembled.
Posted on 5/2/17 at 10:51 am to Haughton99
quote:
The Caddo Commission are the biggest bunch of dumbasses ever assembled
FIFY
A real automaker wanted to use the plant but couldn't because of Elio.
Posted on 5/2/17 at 10:51 am to Zach
Big Cedric shitshow.
Posted on 5/2/17 at 10:53 am to chinhoyang
quote:
A real automaker wanted to use the plant but couldn't because of Elio.
Seriously?
Posted on 5/2/17 at 11:25 am to goofball
quote:
Seriously
According to former Shreveport Mayor Cedric Glover, Land Rover had an interest in bringing a production facility into the former plant.
The Caddo Commission had purchased the property for $7.5 million. The commission then handed responsibility for the plant over to the Caddo Industrial Development Board. From there the IDB leased the facility to a company called Industrial Realty Group based out of California. Through that lease, IRG got autonomy over businesses who could set up shop in the GM plant. IRG leased the facility to Elio. IRG's president Stu Lichter is a board member for Elio Motors.
According to Glover, when Land Rover had interest in the plant, Lichter told them they would need to pay millions and millions of dollars to help relocate Elio's operations into the former AT&T plant in South Shreveport. Land Rover moved on.
Recent news story on this racket
This post was edited on 5/2/17 at 11:36 am
Posted on 5/2/17 at 11:44 am to goofball
quote:Range Rover wanted to use the plant in Shreveport. So yes, seriously.
Seriously?
Posted on 5/2/17 at 12:03 pm to chinhoyang
quote:
Range Rover wanted to use the plant in Shreveport. So yes, seriously.
Where did they end up going?
How did we frick that up so badly?
Posted on 5/2/17 at 12:05 pm to Haughton99
quote:
The Caddo Commission seems like the biggest bunch of dumbasses ever assembled.
And the voters are starting to realize it. All 5 of their tax renewals were defeated Saturday.
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