Hope they learn from DeLorean's past.

[Timebender]

So a new company, called Lucid Motors, is opening a factory in Arizona. The comment from this video that stood out to me was (paraphrased) "We're going to be providing a lot of new jobs and using a lot of people to build these who have no car building experience, and so we'll be reaching out to the community colleges."

Hope it's not Dunmurray all over again.


https://www.youtube.com/watch?v=mj4cuk49DSY

[Michael]

I'm still waiting for Will I Am to make cars in the ghetto.

[DMCVegas]

Yeah, we're already going through this in Nevada with the Farady Future boondoggle up in North Las Vegas.
http://news3lv.com/news/local/faraday-folo

Construction stopped, the contractor hasn't been paid since something at least September, and now the parent company and possibly the CEO himself are out of cash.
http://appleinsider.com/articles/16/12/08/after-deriding-apple-as-too-slow-chinas-leeco-hits-cash-crunch-halts-stock-trading

What kills me too are the similarities with the "industry experts" who keep touting how these companies are such great investments and keep convincing people to pour cash into them. Like Arthur Anderson for example.:rolleyes1:

DeLorean was different because he was an auto industry executive that IMO save for consumer financing, knew the auto industry in and out. He also was able to attract an experienced staff that were trying to push the limits of the industry. As compared to all of these startups that are only trying to learn the ropes. But even then it was an uphill battle for them, and thanks to regulation it's not like the industry has gotten any easier to break into.

Not trying to get political, but I just don't understand how out of ALL the potential industries to attract, and especially with no-name startups to take a risk on, why politicians continually want to back auto manufacturing.

[David T]

In some cases the whole thing is a scam using government money. They are predetermined to fail. Watch the movie The Producers and Save the Tiger. Don't forget Syindra (sp). That one was 1/2 a BILLION DOLLARS!