Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:46 AM

GasBuddy News Article

41
votes
Startup automaker to acquire shuttered GM plant in La.

USA Today -- Elio Motors signed a deal to buy the former GM plant near Shreveport

DETROIT -- The trust responsible for selling and cleaning up former General Motors properties has agreed to sell a 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 plant in Caddo Parish from the Revitalizing Auto Communities Environmental Response (RACER) Trust.


Read the Full Article

Submitted Jan 04, 2013 By: BennoBlue
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Startup automaker to acquire shuttered GM plant in La. Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
SammyAdams
Champion Author Tallahassee

Posts:6,197
Points:1,522,325
Joined:Nov 2010
Message Posted: Jan 4, 2013 10:04:25 PM

There wasn't as much disclosed about the deal, but if this property was inventory from a bankrupt GM and is being used to manufacture cars (or motorcycles); providing jobs for those in Louisiana, how would this not be applauded by everyone?
Profile Pic
7SPEEDY7
Champion Author Flint

Posts:3,967
Points:1,320,220
Joined:May 2011
Message Posted: Jan 4, 2013 10:32:58 AM

SUPER!!
Profile Pic
Buck_on_Bass
Champion Author Tennessee

Posts:10,902
Points:2,038,630
Joined:Jul 2007
Message Posted: Jan 4, 2013 8:30:10 AM

"The deal was heralded by Louisiana politicians as an economic victory for a community devastated by GM's contraction. The state was expected to provide incentives for the project, but details were not immediately available." I fear that the community will have another manufacturer collapse costing the citizens of Louisiana a substantial amount and again tossing the community into despair.
Profile Pic
zwsn01
All-Star Author Alabama

Posts:796
Points:1,107,400
Joined:Jan 2012
Message Posted: Jan 4, 2013 8:21:02 AM

Capitalism stikes again despite government interference.
Profile Pic
daytonabiker
Champion Author Florida

Posts:2,963
Points:830,740
Joined:Oct 2012
Message Posted: Jan 4, 2013 6:56:50 AM

this looks to me more like a reverse engineered trike mortcycle than a car
sell great here in florida
register it as amotorcycle and have lower insurance rates
big potential
Profile Pic
doeslayersr
Champion Author Illinois

Posts:12,865
Points:1,606,755
Joined:Dec 2010
Message Posted: Jan 4, 2013 6:32:44 AM

No thanks. Does not appear to be practical and appears to be just another waste of taxpayer funded incentives.
Profile Pic
335d1
Champion Author Virginia

Posts:5,458
Points:1,465,745
Joined:Feb 2011
Message Posted: Jan 4, 2013 6:27:55 AM

Good for LA.
Profile Pic
isem
Champion Author Missouri

Posts:4,999
Points:1,158,465
Joined:Feb 2012
Message Posted: Jan 4, 2013 6:27:40 AM

Let’s hope they can be successful enough to actually employ 1,500 workers permanently and the State can actually recover the “incentives” it provides.
Profile Pic
w4kh
Champion Author Tennessee

Posts:14,738
Points:2,962,740
Joined:May 2004
Message Posted: Jan 4, 2013 6:22:08 AM

Elio not only makes ultra-small vehicles, the company itself sounds ultra small... still, putting 1500 people back to work in Shreveport is a good thing.
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,937
Points:2,933,525
Joined:Oct 2005
Message Posted: Jan 4, 2013 6:18:11 AM

Ok
Profile Pic
pitamon
Champion Author Philadelphia

Posts:7,359
Points:2,522,765
Joined:Sep 2004
Message Posted: Jan 4, 2013 6:11:12 AM

Great.
Profile Pic
skippypa
Champion Author Hawaii

Posts:11,563
Points:2,476,130
Joined:Jun 2008
Message Posted: Jan 4, 2013 6:10:55 AM

ood more jobs
Profile Pic
yardslave
Champion Author Oklahoma City

Posts:5,655
Points:1,331,045
Joined:Dec 2005
Message Posted: Jan 4, 2013 6:06:10 AM

Jobs, gotta love em.
Profile Pic
ILVET
Champion Author Illinois

Posts:18,065
Points:3,657,845
Joined:Jan 2005
Message Posted: Jan 4, 2013 6:03:55 AM

Thanks for the smile this morning greshams
Profile Pic
regout
Champion Author Quebec

Posts:5,990
Points:1,562,280
Joined:May 2010
Message Posted: Jan 4, 2013 6:02:47 AM

New jobs, are we sure....
Profile Pic
carolfitz4438
Veteran Author New York

Posts:263
Points:209,770
Joined:May 2011
Message Posted: Jan 4, 2013 6:01:29 AM

Better than leaving it closed
Profile Pic
humblepie
Champion Author Toledo

Posts:62,141
Points:3,108,995
Joined:Mar 2006
Message Posted: Jan 4, 2013 5:59:53 AM

more crap cas, oh joy
Profile Pic
WonderfulMI
Champion Author Michigan

Posts:14,897
Points:2,521,720
Joined:Jun 2008
Message Posted: Jan 4, 2013 5:58:42 AM

But are they getting any tax breaks?
Profile Pic
LKnight598
Champion Author South Carolina

Posts:2,458
Points:548,420
Joined:Nov 2005
Message Posted: Jan 4, 2013 5:58:38 AM

Very Impressive! If gas prices keep going up, these things may really find a following.
Profile Pic
gaspumpin
Champion Author Indiana

Posts:4,414
Points:1,115,000
Joined:Apr 2012
Message Posted: Jan 4, 2013 5:58:00 AM

How many plants did GM loose due to union demands?
Profile Pic
pepinoNC
Champion Author Raleigh

Posts:5,248
Points:1,380,420
Joined:May 2011
Message Posted: Jan 4, 2013 5:57:59 AM

New jobs are great.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:12,178
Points:2,969,425
Joined:Jun 2005
Message Posted: Jan 4, 2013 5:57:28 AM

Hope it works out for them.
Profile Pic
Beau2140
Champion Author New York

Posts:11,291
Points:2,377,110
Joined:Oct 2008
Message Posted: Jan 4, 2013 5:55:51 AM

Very small vehicle. Good miliage, but is it safe?
Profile Pic
bobzilla11
Champion Author Indiana

Posts:2,795
Points:1,172,180
Joined:May 2011
Message Posted: Jan 4, 2013 5:52:20 AM

cheaper than teardown and cleanup
Profile Pic
rjd1608
Champion Author Toledo

Posts:8,399
Points:2,663,230
Joined:Aug 2003
Message Posted: Jan 4, 2013 5:51:37 AM

big dreams in an uncertian world
Profile Pic
greshams
Champion Author Cincinnati

Posts:5,114
Points:1,109,705
Joined:Nov 2011
Message Posted: Jan 4, 2013 5:51:01 AM

we have a bunch of plants they can buy here in Ohio.
Profile Pic
scottydoesnt
Champion Author Chicago

Posts:4,552
Points:608,750
Joined:Apr 2011
Message Posted: Jan 4, 2013 5:50:36 AM

Never heard of them. Maybe one day I will :)
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:6,192
Points:1,393,170
Joined:Dec 2010
Message Posted: Jan 4, 2013 5:50:24 AM

Best of luck!
Profile Pic
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Jan 4, 2013 5:48:54 AM

Best of luck to them!
Profile Pic
hokieburgh
Champion Author Virginia

Posts:1,859
Points:1,105,970
Joined:Feb 2007
Message Posted: Jan 4, 2013 5:48:21 AM

will be interesting to track their progress
Profile Pic
bikechuck
Champion Author Indianapolis

Posts:10,110
Points:2,799,220
Joined:Apr 2006
Message Posted: Jan 4, 2013 5:44:13 AM

Not a family car but 60mpg and less than $7000 is a selling point. Better then a motorcycle.
Profile Pic
Foxt
Champion Author Minnesota

Posts:8,272
Points:2,747,185
Joined:Jul 2006
Message Posted: Jan 4, 2013 5:40:47 AM

Must be getting a government loan. GM's way of getting a double dip for the same operation?
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,408
Points:1,422,340
Joined:Sep 2006
Message Posted: Jan 4, 2013 5:40:47 AM

Don't know much about them. Adding jobs can't be bad. Headquarters in Phoenix, AZ. Little bit can be found here. http://en.wikipedia.org/wiki/Elio_Motors
Profile Pic
JSX515
Champion Author St. Louis

Posts:6,659
Points:1,530,495
Joined:Feb 2011
Message Posted: Jan 4, 2013 5:35:52 AM

Give us our money back and fold GM
Profile Pic
grandpadon28110
Champion Author Charlotte

Posts:7,789
Points:1,873,715
Joined:Sep 2008
Message Posted: Jan 4, 2013 5:35:36 AM

Sounds good.
Profile Pic
epf
Champion Author Grand Rapids

Posts:9,412
Points:2,622,395
Joined:May 2004
Message Posted: Jan 4, 2013 5:33:26 AM

More jobs, hopefully more quality competition, good for consumers.
Profile Pic
SUPERSTEVIEO
Champion Author Quebec

Posts:3,523
Points:787,115
Joined:Oct 2010
Message Posted: Jan 4, 2013 5:32:18 AM

just don't let government subsidize this venture... it has a bad odor...
Profile Pic
judgemobile
Champion Author Ohio

Posts:10,649
Points:3,181,520
Joined:Nov 2005
Message Posted: Jan 4, 2013 5:30:58 AM

hope the buyer is an AMERICAN company, and not controlled by foreign interests.
Profile Pic
AvantiMick
Champion Author Indiana

Posts:15,713
Points:3,258,235
Joined:Dec 2005
Message Posted: Jan 4, 2013 5:29:36 AM

Don't see that vehicle making it.
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,702
Points:2,364,185
Joined:Nov 2007
Message Posted: Jan 4, 2013 5:26:08 AM

Good for them and American made
Profile Pic
StrangeLuv
Champion Author Kansas City

Posts:6,409
Points:1,569,805
Joined:Jul 2008
Message Posted: Jan 4, 2013 5:25:48 AM

Good luck.
Profile Pic
74celica
Champion Author Columbus

Posts:4,499
Points:2,544,860
Joined:May 2006
Message Posted: Jan 4, 2013 5:24:57 AM

i wish them alot of luck
Profile Pic
gasandgoAL
Champion Author Alabama

Posts:10,292
Points:2,324,370
Joined:Sep 2008
Message Posted: Jan 4, 2013 5:21:25 AM

bet they don't need a bail-out
Profile Pic
wrunner
Champion Author Virginia

Posts:7,590
Points:1,870,550
Joined:Dec 2009
Message Posted: Jan 4, 2013 5:16:09 AM

Take care to do business carefully or it will carelessly take care of the business.
Profile Pic
sabre75
Champion Author Florida

Posts:1,691
Points:356,810
Joined:May 2012
Message Posted: Jan 4, 2013 5:11:01 AM

They will need lots of luck.
Profile Pic
ClarkSC
Champion Author South Carolina

Posts:5,956
Points:1,739,900
Joined:May 2010
Message Posted: Jan 4, 2013 4:43:48 AM

Never make it.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,869
Points:1,490,460
Joined:Mar 2011
Message Posted: Jan 4, 2013 4:11:49 AM

Good luck to them
Profile Pic
OHMS
Champion Author Orange County

Posts:17,034
Points:2,414,845
Joined:May 2005
Message Posted: Jan 4, 2013 4:09:11 AM

Los Angelenos?
Profile Pic
LanguageMan1
Champion Author Tampa

Posts:16,609
Points:2,396,765
Joined:Apr 2008
Message Posted: Jan 4, 2013 3:38:07 AM

That would be a good thing. I'll have to look at what Elio Motors is doing.
Profile Pic
scu227
Champion Author New Haven

Posts:8,297
Points:1,506,105
Joined:Feb 2011
Message Posted: Jan 4, 2013 3:17:50 AM

I hope they do well
Profile Pic
SBlouch
Champion Author San Antonio

Posts:11,637
Points:2,546,705
Joined:Apr 2007
Message Posted: Jan 4, 2013 3:11:27 AM

It is a win win for the startup automobile company and the people around Shreveport as it will bring back jobs and help the economy.
Post a reply Back to Topics