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JohnPainter

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JohnPainter

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Friday, 03/11/2016 11:26:45 AM

Friday, March 11, 2016 11:26:45 AM

Post# of 1854
Interesting news today from Elio Motors. While they had previously said they were going to use the first 125 vehicles for some purpose other than sales, they have just released a revision of that.

They will build the first 100 vehicles for fleet sales in Shreveport in December. It is extremely expensive to do this, I think they are doing it for the reasons they describe in their press release, I think it's also likely they are taking this step in part to close a deal either for VC or DOE's ATVM loan. We will see.

http://finance.yahoo.com/news/elio-motors-plans-sell-100-153200252.html
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