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GasBuddy News Article

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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. Back to Topics
REPLIES (newest first) Post a Reply
SammyAdams
Champion Author Tallahassee

Posts:4,767
Points:1,119,420
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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?
7SPEEDY7
Champion Author Flint

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Joined:May 2011
Message Posted: Jan 4, 2013 10:32:58 AM

SUPER!!
Buck_on_Bass
Champion Author Tennessee

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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.
zwsn01
All-Star Author Alabama

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Message Posted: Jan 4, 2013 8:21:02 AM

Capitalism stikes again despite government interference.
daytonabiker
Champion Author Florida

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Points:518,220
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
doeslayersr
Champion Author Illinois

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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.
335d1
Champion Author Virginia

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Message Posted: Jan 4, 2013 6:27:55 AM

Good for LA.
isem
Champion Author Missouri

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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.
w4kh
Champion Author Tennessee

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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.
Jeffro61
Champion Author Cleveland

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Message Posted: Jan 4, 2013 6:18:11 AM

Ok
pitamon
Champion Author Philadelphia

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Message Posted: Jan 4, 2013 6:11:12 AM

Great.
skippypa
Champion Author Hawaii

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Message Posted: Jan 4, 2013 6:10:55 AM

ood more jobs
yardslave
Champion Author Oklahoma City

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Message Posted: Jan 4, 2013 6:06:10 AM

Jobs, gotta love em.
ILVET
Champion Author Illinois

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Message Posted: Jan 4, 2013 6:03:55 AM

Thanks for the smile this morning greshams
regout
Champion Author Quebec

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Message Posted: Jan 4, 2013 6:02:47 AM

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

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Message Posted: Jan 4, 2013 6:01:29 AM

Better than leaving it closed
humblepie
Champion Author Toledo

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Message Posted: Jan 4, 2013 5:59:53 AM

more crap cas, oh joy
WonderfulMI
Champion Author Michigan

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Message Posted: Jan 4, 2013 5:58:42 AM

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

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Message Posted: Jan 4, 2013 5:58:38 AM

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

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Message Posted: Jan 4, 2013 5:58:00 AM

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

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Message Posted: Jan 4, 2013 5:57:59 AM

New jobs are great.
LeeFree
Champion Author Pittsburgh

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Message Posted: Jan 4, 2013 5:57:28 AM

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

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Message Posted: Jan 4, 2013 5:55:51 AM

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

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Message Posted: Jan 4, 2013 5:52:20 AM

cheaper than teardown and cleanup
rjd1608
Champion Author Toledo

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Message Posted: Jan 4, 2013 5:51:37 AM

big dreams in an uncertian world
greshams
Champion Author Cincinnati

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Message Posted: Jan 4, 2013 5:51:01 AM

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

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Message Posted: Jan 4, 2013 5:50:36 AM

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

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Message Posted: Jan 4, 2013 5:50:24 AM

Best of luck!
Alderaan
Champion Author Greenville

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Message Posted: Jan 4, 2013 5:48:54 AM

Best of luck to them!
hokieburgh
Champion Author Virginia

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Message Posted: Jan 4, 2013 5:48:21 AM

will be interesting to track their progress
bikechuck
Champion Author Indianapolis

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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.
Foxt
Champion Author Minnesota

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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?
gabisgram
Champion Author Michigan

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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
JSX515
Champion Author St. Louis

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Message Posted: Jan 4, 2013 5:35:52 AM

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

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Message Posted: Jan 4, 2013 5:35:36 AM

Sounds good.
epf
Champion Author Grand Rapids

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Message Posted: Jan 4, 2013 5:33:26 AM

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

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Message Posted: Jan 4, 2013 5:32:18 AM

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

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Message Posted: Jan 4, 2013 5:30:58 AM

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

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Message Posted: Jan 4, 2013 5:29:36 AM

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

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Message Posted: Jan 4, 2013 5:26:08 AM

Good for them and American made
StrangeLuv
Champion Author Kansas City

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Message Posted: Jan 4, 2013 5:25:48 AM

Good luck.
74celica
Champion Author Columbus

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Message Posted: Jan 4, 2013 5:24:57 AM

i wish them alot of luck
gasandgoAL
Champion Author Alabama

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Message Posted: Jan 4, 2013 5:21:25 AM

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

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Message Posted: Jan 4, 2013 5:16:09 AM

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

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Message Posted: Jan 4, 2013 5:11:01 AM

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

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Message Posted: Jan 4, 2013 4:43:48 AM

Never make it.
jetskijerry
Champion Author North Carolina

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Message Posted: Jan 4, 2013 4:11:49 AM

Good luck to them
OHMS
Champion Author Orange County

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Message Posted: Jan 4, 2013 4:09:11 AM

Los Angelenos?
LanguageMan1
Champion Author Tampa

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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.
scu227
Champion Author New Haven

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Message Posted: Jan 4, 2013 3:17:50 AM

I hope they do well
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