Quote:
Originally Posted by Old Mechanic
Only a few days away from a year have passed since the original post. I wonder how many "reservations" they have collected? If this vehicle is ever sold commercially it will cost 3 times the original quoted price, at least.
regards
Mech
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Wikipedia
states :
Quote:
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Elio Motors plans to introduce the vehicle to the US car market in the fourth quarter of 2014.[2] The company is taking deposits from future customers, and as of December 2013, it has approximately 1800 deposits that have been issued a "production number"[citation needed] and approximately 5560 total deposits. Elio states that it will be manufactured in the US (Caddo Parish, Louisiana) with 90% of its parts from North America, and in January 2013 the company agreed to buy General Motors's non-operating Shreveport, Louisiana manufacturing plant.[3] By 2015, Elio Motors plans to employ 1,500 workers at that plant.[3]
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1,500 workers is a lot of money - assuming $2K a month average salary (I'm guessing, maybe its more or less) that is $3m a month needed just for workers.