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Startup automaker will acquire
shuttered GM plant in Shreveport, La.

Detroit Free Press, by Nathan Bomey

Original Article

Posted By:Ribicon, 1/3/2013 5:00:15 PM

The trust responsible for selling and cleaning up former General Motors properties has reached an agreement to sell the shuttered GM plant near Shreveport, La., to a start-up carmaker that plans to hire 1,500 new workers. An ultra-small carmaker called Elio Motors signed a deal to buy the former GM Shreveport Assembly and Stamping plant in Caddo Parish from the Revitalizing Auto Communities Environmental Response (RACER) Trust. (Snip) A Shreveport TV station quoted a local politician saying the plant would not be unionized. On its website, Elio doesn’t list information about its investors

Comments:
Company says it plans to build inexpensive, three-wheeled vehicles, details are sketchy on financing. Good for them if they can make a go of it (especially if they don´t use "government money"), but it speaks volumes that an operation like this is successor to a General Motors facility.

      


Post Reply  

Reply 1 - Posted by: crimea river, 1/3/2013 5:35:09 PM     (No. 9097101)

The cars will be big sellers at Toys R Us.

http://www.eliomotors.com/my-strengths/


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Reply 2 - Posted by: KTWO, 1/3/2013 5:58:41 PM     (No. 9097123)

Wonder where the purchase money is coming from. And when RACER will get it.

RACER itself is interesting. Apparently it is a zombie-like (never dying) trust with little oversight which was handled $500m to start cleaning up and selling unneeded GM properties.

It is not a government agency but was created by government. Go figure.

http://www.racertrust.org/About_RACER/Introduction_to_RACER_Video



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Reply 3 - Posted by: pliades, 1/3/2013 6:40:42 PM     (No. 9097177)

There are many other engines available which might make this little ´Smarter Car´ work even better.

http://pesn.com/2009/07/18/9501554_Plasma_Transition_Process_motor_system/
http://ecomotors.com/
http://www.hp2g.com/pictures.html
http://www.angellabsllc.com/
http://www.cyclonepower.com/comparison.html


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Reply 4 - Posted by: Twiggy, 1/4/2013 2:46:52 AM     (No. 9097626)

Did GM ever repay all the money it owed the government? Where do you think Pacer got the $500M? I don´t think I want to know!

http://www.racertrust.org/About_RACER/About_Us#management_team Very interesting

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Reply 5 - Posted by: Trigger2, 1/4/2013 4:39:31 AM     (No. 9097680)

Three-wheeled vehicles? They´re dangerous. Where did the money come from? Probably from Barry´s stash (just replenished) of useless green energy taxpayer money.

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