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$55 out of $200 million raised. Production pushed back to the end of 2015. Elio only has access to the plant for 30 months (2016) before the owner tears it down for scrap or IRG finds another tenant.
Anyone else annoyed they are talking about fancy cylinder coatings and designing a completely new engine, when they have no realistic path forward to production? I think they should have stuck with the "off the shelf" approach.
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