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Elio Motors reaches their goal
Posted on 6/17/15 at 9:19 am
Posted on 6/17/15 at 9:19 am
Only story I could find
Still suspect on this company, but it does seem like they reached their fist target funding goal.
quote:
it seems that the company has finally come through in raising the needed $240 million to mass produce its incredible car.
quote:
Elio Motors subsequently announced that it will build a fifth-generation prototype of the car which it shall call as the P5 soon before mass production begins in 2016.
quote:
It seems like Elio and his company have meet their initial target for funding support so production goals for the car will be on schedule, including the possible launching of a production version of the three-wheel vehicle in the middle of next year, which is to be the P5.
Still suspect on this company, but it does seem like they reached their fist target funding goal.
Posted on 6/17/15 at 9:26 am to fightin tigers
That link looks like a paid advertisement inset in a magazine.
Posted on 6/17/15 at 9:27 am to fightin tigers
Land Rover wanted to buy the GM factory in Shreveport where these might one day be made (yeah right)... the local government wouldn't cancel Elio's lease.
This post was edited on 6/17/15 at 9:28 am
Posted on 6/17/15 at 9:31 am to GaryMyMan
quote:
Land Rover wanted to buy the GM factory in Shreveport where these might one day be made (yeah right)... the local government wouldn't cancel Elio's lease
I thought that was pretty interesting when I saw it last night on the news.
Tha Glove seems extremely rustled by that situation, rightfully so though.
Posted on 6/17/15 at 9:32 am to GaryMyMan
quote:
Land Rover wanted to buy the GM factory in Shreveport where these might one day be made (yeah right).
Did you ever find the article? I saw the headline, but since it was in the Inquisitor, I didn't give it much of a look.
Posted on 6/17/15 at 9:35 am to LSUGUMBO
LINK
quote:
SLA News 12 has learned from well-placed sources that popular SUV automaker, Land Rover, made an offer to start a production line in Shreveport back in 2014, but was turned down meaning the loss of thousands of potential jobs. A deal was reached with Elio Motors back in 2013 to build an experimental 3-wheeled vehicle. The deal promised thousands of jobs but has yet to get off the ground and the Caddo Parish Commission says its hands are tied. A $7.5 million agreement signed between the parish and the current GM plant lease holder means parish leaders don't decide who or what is brought to the building. Now, some are calling for changes to the original agreement. "There were efforts to secure that facility that would have been used for manufacturing a line of Land Rovers," said former Shreveport mayor Cedric Glover. According to Glover, Land Rover had its eyes on the plant in mid-2014. The offer would have included thousands of local jobs and millions to the city's economy, but the automaker never got the chance. Glover says Land Rover was shot down by Industrial Realty Group President, Stu Lichter, who leases the building. We aren't being told exactly why but we're told Lichter has the power to decide what goes in the plant as part of a contract approved by the Caddo Parish Commission. "So you can go out and be successful with an experimental vehicle that were all excited about if it goes forward, but it's not Land Rover, it's not an established company with $10 billion a year in sales that doesn't represent the way you go about looking out for the best interest of Shreveport, Caddo Parish and Northwest Louisiana,” said Glover. Before Land Rover, Glover says another company also made an offer. Instead, the city put its support behind Elio Motors, the "experimental vehicle" that has yet to be produced.
Posted on 6/17/15 at 9:40 am to Polar Pop
I don't know why, but this seems like sour grapes. Why is Glover coming forth with this information now? Didn't he have a hand in negotiating the original deal in the first place? I admittedly don't know because I didn't follow the paper trail when that building was sold to be leased out or whatever happened to get to the point where we are now.
Posted on 6/17/15 at 9:45 am to fightin tigers
Looks really practical...
This post was edited on 6/17/15 at 9:46 am
Posted on 6/17/15 at 9:47 am to fightin tigers
And they already signed a contract with Goldmember
Posted on 6/17/15 at 9:59 am to fightin tigers
I keep wondering how true and close the Land Rover deal was to being real.. If what some are parroting is true then shrevepory screwed themsleves on a untested concept car
Posted on 6/17/15 at 10:01 am to TROLA
quote:
If what some are parroting is true then shrevepory screwed themsleves on a untested concept car
It seems Shreveport screwed themselves on the lease agreement, or at least giving up control of the lease agreement.
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