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Say adios to your Elio reservation #4605078
12/16/17 05:07 AM
12/16/17 05:07 AM
Joined: Sep 2010
Posts: 7,485
S California
OneEyeJack Offline OP
OneEyeJack  Offline OP
Joined: Sep 2010
Posts: 7,485
S California
Just browsed through Elio Motors K1 filing.

$144M in debt and a claim that $376M is needed to start production. And if that's not good enough they are being fined for not having a manufacturer's license and not creating the jobs promised to the state of Louisana and that could eventually exceed $8M when the smoke clears.

Great concept, better price and all the right stuff in the car, just no car for sale to the public.

Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605113
12/16/17 08:12 AM
12/16/17 08:12 AM
Joined: Apr 2012
Posts: 9,364
Kendall, FL
wemay Offline
wemay  Offline
Joined: Apr 2012
Posts: 9,364
Kendall, FL
...and an increasingly outdated design that lost its eye-appeal many months ago.


'18 KIA Sportage LX AWD: Mobil Super Synthetic 10w30
'13 Hyundai Santa Fe Sport 2.0T: EDGE 5w30
Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605132
12/16/17 08:47 AM
12/16/17 08:47 AM
Joined: May 2010
Posts: 9,046
North Carolina
spasm3 Offline
spasm3  Offline
Joined: May 2010
Posts: 9,046
North Carolina
They have been saying in production next year since about 2012.


13 elantra 70k 5w30 QSUD
03 chevy avalanche79k synpwr 10w30
01 saturnsc1 185k synpwr rebuilt
17 mazda cx-5 5600 miles m1 0w30
Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605133
12/16/17 08:48 AM
12/16/17 08:48 AM
Joined: May 2016
Posts: 293
New England
NibbanaBanana Offline
NibbanaBanana  Offline
Joined: May 2016
Posts: 293
New England
I've been watching this for a while. Just goes to show you how difficult it is to bring a vehicle into production. And how things depend on the economy.

When gas is up to $5/gal, this thing would look a lot better. There's a whole lot of people who can't afford a $25K hybrid or more for a Tesla. A full size motorcycle is going to run over $10K and have fun driving it during the winter in New England. Or getting to work in the rain. A two seater car for $8K and 50+mpg could look pretty good to a lot of people. That said, we'll never know whether the Elio projections were realistic or not.


1993 Ford E350 5.8L, 68K
2002 Ford E150 4.2L, 85K
2006 Chevy Aveo 1.6L 215K
2013 Kia Reo 1.4L, 101K
7500 OCI, M1 5-30 winter, M1 10-30 summer
Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605184
12/16/17 10:17 AM
12/16/17 10:17 AM
Joined: Mar 2008
Posts: 5,943
Michigan
ZZman Offline
ZZman  Offline
Joined: Mar 2008
Posts: 5,943
Michigan
Sad to see people get scammed.


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: Say adios to your Elio reservation [Re: ZZman] #4605230
12/16/17 10:47 AM
12/16/17 10:47 AM
Joined: Sep 2004
Posts: 21,626
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,626
Orlando, FL
Originally Posted By: ZZman
Sad to see people get scammed.


Yep. The guy is laughing and people lost their deposits.

Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605239
12/16/17 10:55 AM
12/16/17 10:55 AM
Joined: Jun 2014
Posts: 737
Northern Arizona
funflyer Offline
funflyer  Offline
Joined: Jun 2014
Posts: 737
Northern Arizona
It kinda smelled like a scam when they were advertising a $6800 base price in the beginning. That's how you attract suckers I guess. However, I always thought they'd have better success by marketing that car as a kit. They could've bypassed most of the red tape that way. In the end Paul is still a winner, paying himself a 250k salary thanks to the 60,000 suckers who bought in.


2016 Prius 1.8L
2001 Tacoma 2.4L
1966 GTO 6.5L
2015 Cub Cadet
Honda CT70 (X6)
Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605349
12/16/17 01:32 PM
12/16/17 01:32 PM
Joined: Jun 2014
Posts: 1,968
IL
Vern_in_IL Offline
Vern_in_IL  Offline
Joined: Jun 2014
Posts: 1,968
IL
Those Valeo [censored] were part of this. Good it failed.

and the company relied on CROWDFUNDING?????

Where is the 20% investment with Toyota... GM? No major car maker for support? Wow, why would you do this? You simply cannot build a car today without investment from current auto industry. You just have to make sure they don't own over 50% of the company.

Even Tesla had investments from Toyota and others (latter dumped) but you need that kind of investment to enter the market.

Re: Say adios to your Elio reservation [Re: funflyer] #4605356
12/16/17 01:43 PM
12/16/17 01:43 PM
Joined: Jan 2008
Posts: 10,662
OH
SatinSilver Offline
SatinSilver  Offline
Joined: Jan 2008
Posts: 10,662
OH
Originally Posted By: funflyer
In the end Paul is still a winner, paying himself a 250k salary thanks to the 60,000 suckers who bought in.


Sounds like he needs a nice long stay at the Gray Bar Hotel.

Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605367
12/16/17 01:53 PM
12/16/17 01:53 PM
Joined: May 2012
Posts: 5,363
Fort Lauderdale, FL
DoubleWasp Online content
DoubleWasp  Online Content
Joined: May 2012
Posts: 5,363
Fort Lauderdale, FL
Business in America.


07 Lincoln Navigator M1 0w-40/FU
68 Charger R/T / Supercharged 440 VR1/DBL7349
07 Ram 3500 4x4 / Cummins 6.7 /DBL7349
17 Maserati GranTurismo Cabrio
Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605387
12/16/17 02:12 PM
12/16/17 02:12 PM
Joined: Apr 2017
Posts: 435
TN USA
Crispysea Offline
Crispysea  Offline
Joined: Apr 2017
Posts: 435
TN USA
This reminds me of a scam about 40 years ago. It was a three-wheeled car called the “Dale”.

Last edited by Crispysea; 12/16/17 02:21 PM.
Re: Say adios to your Elio reservation [Re: Crispysea] #4605403
12/16/17 02:29 PM
12/16/17 02:29 PM
Joined: Jan 2008
Posts: 10,662
OH
SatinSilver Offline
SatinSilver  Offline
Joined: Jan 2008
Posts: 10,662
OH
Wait till the feds start sniffing around. Can't believe the guy is still walking around. Although the guy isn't dumb by any means, just shady.

Re: Say adios to your Elio reservation [Re: OneEyeJack] #4605441
12/16/17 03:21 PM
12/16/17 03:21 PM
Joined: Feb 2013
Posts: 3,226
Central Virginia
Silverado12 Offline
Silverado12  Offline
Joined: Feb 2013
Posts: 3,226
Central Virginia


12 Chevy Silverado ext. cab LS, 2WD 4.3 auto
18 Mustang GT 5.0 auto
07 Harley Dyna Street Bob 96 c.i. 6 sp.
00 Mustang GT auto
Re: Say adios to your Elio reservation [Re: Vern_in_IL] #4605448
12/16/17 03:25 PM
12/16/17 03:25 PM
Joined: Feb 2013
Posts: 3,226
Central Virginia
Silverado12 Offline
Silverado12  Offline
Joined: Feb 2013
Posts: 3,226
Central Virginia
Originally Posted By: Vern_in_IL
Those Valeo [censored] were part of this. Good it failed.

and the company relied on CROWDFUNDING?????

Where is the 20% investment with Toyota... GM? No major car maker for support? Wow, why would you do this? You simply cannot build a car today without investment from current auto industry. You just have to make sure they don't own over 50% of the company.

Even Tesla had investments from Toyota and others (latter dumped) but you need that kind of investment to enter the market.


What did Valeo do? I know they shut down Rochester, NY and moved it to Mex but would be interesting to know what they're up to.


12 Chevy Silverado ext. cab LS, 2WD 4.3 auto
18 Mustang GT 5.0 auto
07 Harley Dyna Street Bob 96 c.i. 6 sp.
00 Mustang GT auto
Re: Say adios to your Elio reservation [Re: OneEyeJack] #4607368
12/18/17 03:46 PM
12/18/17 03:46 PM
Joined: Feb 2007
Posts: 1,045
Perris, CA
Anduril Offline
Anduril  Offline
Joined: Feb 2007
Posts: 1,045
Perris, CA
Wife wanted to put down a deposit on one, this is exactly why I told her to wait until they bring something to market. Now she's quite happy with her Versa which has a surprising amount of cargo room for such a small vehicle (yay, hatchback!), can park just about anywhere, comfortably seats 4, and gets an honest 40 mpg on the freeway if there's no traffic.


2015 Nissan Versa Note 1.6/5MT
2012 Toyota Tacoma 2.7/4AT
2005 Nissan XTerra 4wd 4.0/6MT
2000 Chevy Cavalier 2.2/4AT
2009 Kawasaki Vulcan 900
2013 Hyosung ST7
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