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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.

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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. Post a Reply Back to Topics
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SammyAdams
Champion Author Tallahassee

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Message Posted: Jan 4, 2013 10:04:25 PM
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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?
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7SPEEDY7
Champion Author Flint

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Message Posted: Jan 4, 2013 10:32:58 AM
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SUPER!!
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Buck_on_Bass
Champion Author Tennessee

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Message Posted: Jan 4, 2013 8:30:10 AM
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"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.
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zwsn01
All-Star Author Alabama

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Message Posted: Jan 4, 2013 8:21:02 AM
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Capitalism stikes again despite government interference.
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daytonabiker
All-Star Author Florida

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Message Posted: Jan 4, 2013 6:56:50 AM
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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
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doeslayersr
Champion Author Illinois

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Message Posted: Jan 4, 2013 6:32:44 AM
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No thanks. Does not appear to be practical and appears to be just another waste of taxpayer funded incentives.
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335d1
Champion Author Virginia

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Message Posted: Jan 4, 2013 6:27:55 AM
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Good for LA.
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isem
Champion Author Missouri

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Message Posted: Jan 4, 2013 6:27:40 AM
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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.
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w4kh
Champion Author Tennessee

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Message Posted: Jan 4, 2013 6:22:08 AM
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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.
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Jeffro61
Champion Author Cleveland

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Message Posted: Jan 4, 2013 6:18:11 AM
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Ok
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pitamon
Champion Author Philadelphia

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Message Posted: Jan 4, 2013 6:11:12 AM
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Great.
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skippypa
Champion Author Hawaii

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Message Posted: Jan 4, 2013 6:10:55 AM
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ood more jobs
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yardslave
Champion Author Oklahoma City

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Message Posted: Jan 4, 2013 6:06:10 AM
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Jobs, gotta love em.
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ILVET
Champion Author Illinois

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Message Posted: Jan 4, 2013 6:03:55 AM
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Thanks for the smile this morning greshams
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regout
Champion Author Quebec

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Message Posted: Jan 4, 2013 6:02:47 AM
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New jobs, are we sure....
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carolfitz4438
Veteran Author New York

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Message Posted: Jan 4, 2013 6:01:29 AM
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Better than leaving it closed
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humblepie
Champion Author Toledo

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Message Posted: Jan 4, 2013 5:59:53 AM
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more crap cas, oh joy
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WonderfulMI
Champion Author Michigan

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Message Posted: Jan 4, 2013 5:58:42 AM
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But are they getting any tax breaks?
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LKnight598
All-Star Author South Carolina

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Message Posted: Jan 4, 2013 5:58:38 AM
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Very Impressive! If gas prices keep going up, these things may really find a following.
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gaspumpin
Champion Author Indiana

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Message Posted: Jan 4, 2013 5:58:00 AM
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How many plants did GM loose due to union demands?
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pepinoNC
Champion Author Raleigh

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Message Posted: Jan 4, 2013 5:57:59 AM
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New jobs are great.
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LeeFree
Champion Author Pittsburgh

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Message Posted: Jan 4, 2013 5:57:28 AM
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Hope it works out for them.
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Beau2140
Champion Author New York

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Message Posted: Jan 4, 2013 5:55:51 AM
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Very small vehicle. Good miliage, but is it safe?
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bobzilla11
Champion Author Indiana

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Message Posted: Jan 4, 2013 5:52:20 AM
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cheaper than teardown and cleanup
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rjd1608
Champion Author Toledo

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Message Posted: Jan 4, 2013 5:51:37 AM
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big dreams in an uncertian world
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greshams
Champion Author Cincinnati

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Message Posted: Jan 4, 2013 5:51:01 AM
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we have a bunch of plants they can buy here in Ohio.
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scottydoesnt
Champion Author Chicago

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Message Posted: Jan 4, 2013 5:50:36 AM
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Never heard of them. Maybe one day I will :)
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aburns20
Champion Author Virginia Beach

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Message Posted: Jan 4, 2013 5:50:24 AM
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Best of luck!
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Alderaan
All-Star Author Greenville

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Message Posted: Jan 4, 2013 5:48:54 AM
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Best of luck to them!
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hokieburgh
Champion Author Virginia

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Message Posted: Jan 4, 2013 5:48:21 AM
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will be interesting to track their progress
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bikechuck
Champion Author Indianapolis

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Message Posted: Jan 4, 2013 5:44:13 AM
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Not a family car but 60mpg and less than $7000 is a selling point. Better then a motorcycle.
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Foxt
Champion Author Minnesota

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Message Posted: Jan 4, 2013 5:40:47 AM
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Must be getting a government loan. GM's way of getting a double dip for the same operation?
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gabisgram
Champion Author Michigan

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Message Posted: Jan 4, 2013 5:40:47 AM
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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
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JSX515
Champion Author St. Louis

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Message Posted: Jan 4, 2013 5:35:52 AM
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Give us our money back and fold GM
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grandpadon28110
Champion Author Charlotte

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Message Posted: Jan 4, 2013 5:35:36 AM
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Sounds good.
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epf
Champion Author Grand Rapids

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Message Posted: Jan 4, 2013 5:33:26 AM
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More jobs, hopefully more quality competition, good for consumers.
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SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Jan 4, 2013 5:32:18 AM
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just don't let government subsidize this venture... it has a bad odor...
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judgemobile
Champion Author Ohio

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Message Posted: Jan 4, 2013 5:30:58 AM
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hope the buyer is an AMERICAN company, and not controlled by foreign interests.
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AvantiMick
Champion Author Indiana

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Message Posted: Jan 4, 2013 5:29:36 AM
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Don't see that vehicle making it.
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stpetebp
Champion Author Tampa

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Message Posted: Jan 4, 2013 5:26:08 AM
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Good for them and American made
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StrangeLuv
Champion Author Kansas City

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Message Posted: Jan 4, 2013 5:25:48 AM
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Good luck.
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74celica
Champion Author Columbus

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Message Posted: Jan 4, 2013 5:24:57 AM
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i wish them alot of luck
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gasandgoAL
Champion Author Alabama

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Message Posted: Jan 4, 2013 5:21:25 AM
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bet they don't need a bail-out
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wrunner
Champion Author Virginia

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Message Posted: Jan 4, 2013 5:16:09 AM
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Take care to do business carefully or it will carelessly take care of the business.
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sabre75
Champion Author Florida

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Message Posted: Jan 4, 2013 5:11:01 AM
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They will need lots of luck.
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ClarkSC
Champion Author South Carolina

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Message Posted: Jan 4, 2013 4:43:48 AM
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Never make it.
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jetskijerry
Champion Author North Carolina

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Message Posted: Jan 4, 2013 4:11:49 AM
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Good luck to them
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OHMS
Champion Author Orange County

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Message Posted: Jan 4, 2013 4:09:11 AM
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Los Angelenos?
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LanguageMan1
Champion Author Tampa

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Message Posted: Jan 4, 2013 3:38:07 AM
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That would be a good thing. I'll have to look at what Elio Motors is doing.
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scu227
Champion Author New Haven

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Message Posted: Jan 4, 2013 3:17:50 AM
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I hope they do well
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