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5 Comments

  1. 1

    Laurence Gilbert

    This Elio review is full of distortions:

    (1) The factory was purchased with literally tons of useless and excessive equipment that was, from the start, announced by Elio that it was going to be sold off or scrapped. This is a necessary process to clear the factory in preparation for a new assembly system and was a consideration in the original price of the factory.

    (2) The company announced that it has set its hiring date about three months ahead of the expected beginning of factory operation to train the new employees for a start date of about the 4th quarter, 2015. This is standard procedure.

    3) The development of the car was not completed by the earlier projected production date. Most cars take three years for conception to production. Elio underestimated the amount of time it takes to design and integrate all the sub-systems. The result of the delay will be a much more sophisticated design that has already gone through valuable prototype consumer exposure and feedback, resulting in design changes to address consumer desires.

    4) Both of the comments you quoted are positive. The first expressed the general opinion of most of those who made a reservation that we are investing in a new concept. Investments have their risks and that is accepted.

    There is no evidence the Elio is a scam. On the contrary, the excellent management team is creating a new model for manufacturing in partnership with suppliers to lower the materials cost. It’s biggest risk is that the target $6,800 price might have been a bit optimistic. The final price to reservation holders was not specified. As of the last Elio company statement, the price was down to $7,300, still a bargain.

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  2. 2

    Matthew John Zeigler

    First, the company is reportedly short on funds, and is selling unneeded equipment from the former GM plant in order to raise capital.

    -Lets just ignore the 180 million Federal Grant and make it appear as if they *NEED* to sell the unneeded equipment. They bought the factory and everything inside, what would you expect them to do with all the equipment inside that they don’t need or can’t use?

    Second, a recent scheduled company appearance at the Texas State Fair in Dallas was abruptly canceled. Elio Motors has been promoting its creation across the country, showing off the car in dozens of cities where its largest target markets were located.

    – How about getting some facts straight. The appearance wasn’t canceled by Elio, it was canceled by the Texas State Fair. They adjusted rules and regulations at the last minute preventing Elio from being there…

    The original manufacturing date has already been delayed once.

    – Actually, it’s been delayed more than once. But that happens quite often with start ups. The biggest thing to take away is that Paul is not giving up. He is adapting while keeping his original promise. 84 mpg, $6,800. Anyone actually interested will agree to some timeframe leeway as long as those 2 points are met.

    Here is the link to those comments, you know, so people can see where it actually came from, and the information it contains.

    http://www.product-reviews.net/2014/08/21/elio-motors-attempts-to-alleviate-scam-fears/

    And before you ask me to cite sources. You first.

    Reply
  3. 3

    Roger Wildermuth

    WHO is the ‘author’ of this poorly researched article? First, any well run company would ‘sell off’ excess and un-needed equipment that is not required for their business. Elio Motors has stated that this was their plan since they first acquired the old GM machinery. Second, Elio Motors explained the ‘reason’ for not attending the Texas State Fair on their FaceBook page: “Regrettably, Elio Motors is not participating in the Texas State Fair on Sept. 26-30. Texas has recently modified the permitting process required to display a vehicle in the state. Given Elio Motors did not receive notification of this new requirement until earlier this week, we are not able to secure the required approvals from the state in time to participate. ” A little ‘research’ on the author’s part would have made this entire ‘article’ unnecessary.

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  4. 4

    mark

    I am all in an I will get my elio next year and ride by you house soon….

    Reply
  5. 5

    iwan

    I was in early on Elio motors in 2014 and had my doubts two years ago and asked for my money back. I bought a SmartCar for local grocery shopping with 45K miles on it and one owner, it runs fine is reliable and safety proven. It’s 9 FT X less than 5 FT with two doors and a hatch. I paid half the money it have would cost to buy an oversized 13 ft. long by 9 ft. wide monstrosity and only one door. Good luck in case of an accident Elio stock at one time $ 75 per share. Today it’s down to $6.51. I hope they make it, but I have my doubts.

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