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.
$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.