Business
Elio Motors moving towards production, Finalizing Body Panel Design in record time.
Elio Motors moving towards production, Finalizing Body Panel Design in record time..
About this update from Elio Motors Inc
[{"type":"text","content":"\n\n\n\nElio Motors moving towards production, Finalizing Body Panel Design in record time.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nElio Motors moving towards production, Finalizing Body Panel Design in record time.\nRevolutionary approach to supplier relationships fosters teamwork, speeds decision making, slashes body panel design time by 90 percent\nPR Newswire\nPHOENIX, March 31, 2016\n\n\n\nPHOENIX, March 31, 2016 /PRNewswire/ -- Elio Motors, Inc. (OTCQX: ELIO), the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 MPG with a targeted base price of $6,800, today announced it has finalized its body panel design, relying on unprecedented levels of supplier input and collaboration to reduce body panel development time by 90 percent.\n\n\"Finalizing the body panel design is another important milestone in our development and our relentless quest to get the Elio to production,\" said Paul Elio, founder and CEO of Elio Motors. \"It's also a great example of how we innovate in every aspect of our operation. We've organized our engineering teams and supplier partners to give them more freedom to provide ideas and decisions. Their collective brainpower is essential in meeting the aggressive cost and quality standards we've set and that our customers demand. The teamwork and talent of our supplier partners was on full display in the body panel development.\"  \n\nThe Elio Motors supplier engagement process has grouped the company's engineering team members and supplier partners into eight work groups, each taking responsibility for a specific portion of the vehicle. Within each group, suppliers are encouraged to work directly with each other on a daily basis to brainstorm, review and approve engineering changes that will help Elio Motors get closer to its cost and quality targets. In traditional manufacturer/supplier relationships in the auto industry, even minute decisions must be approved by the manufacturer, which often slows down the development process and adds cost to the vehicle.\n\nFor Elio Motors' supplier ...