I wonder how many there are and what ElectraMeccanica is going to do with them.

I also wonder if they are actually ceasing production of the Solo.  The letter and linked statement don't clearly say that.  But, they are going to refund people in the queue.

I was talking to someone today about this and the question if this will bankrupt the company was brought up.

@ALB posted:

I was talking to someone today about this and the question if this will bankrupt the company was brought up.

I don't see how it couldn't. They have no product. The Solo was it.

@Stan Galat posted:

I don't see how it couldn't. They have no product. The Solo was it.

Yeah, that was my thought.

Additional Info.... ElectraMeccanica Updates Voluntary Recall of Solo G3 and G2, Announces Buyback Remedy (yahoo.com)

Dang. So they flushed their replica business for nothing. I hope the Reisners made out ok.

.

So, with only 430 vehicles involved, this may not mean curtains for the company, although it's not likely to help sales much.

Sounds like, due to potential liability issues, the suits figured this was the safest path. And, who knows, it could just be an overcautious safety circuit, like the 'limp-home' mode in some ICE cars. Overcautious is a good thing in a system where overheating can get pretty exciting pretty quick.

Still, when the company's history is written, today isn't likely to make the highlight reel.

LATER EDIT:

OK, so I missed last month's company statement where they announced they're abandoning the SOLO outright, have broken with the Chinese manufacturer that was making SOLO's, are using their Mesa, AZ facility to help another company build electric motorcycles (?), have realized the folly of trying to sell a three-wheeled single-passenger electric vehicle in the US market, and are now considering building a small 4-wheeled electric vehicle.

And there's also the small matter of their stock price having dropped from $.65 then to about $.04 now.

So, no, not much good news here.

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@Michael McKelvey posted:

I wonder how many there are and what ElectraMeccanica is going to do with them.

I also wonder if they are actually ceasing production of the Solo.  The letter and linked statement don't clearly say that.  But, they are going to refund people in the queue.

It would be fun to acquire a carcass and put a nice quiet Honda type mc engine in it sort of like a Velorex or Isetta.

David I believe you and three other of our members are in a position to acquire the entire company's carcass for less than the former sticker price of a single specimen.

Sad situation, really.

@edsnova posted:

David I believe you and three other of our members are in a position to acquire the entire company's carcass for less than the former sticker price of a single specimen.

Sad situation, really.

Could be and I just can't imagine what's going on in Henry's mind right now. What a shame.

If the company does go under, maybe their is a silver lining?

The Intermeccanica name may be recoverable for Henry, if he so desires to avail himself.

@DannyP posted:

If the company does go under, maybe their is a silver lining?

The Intermeccanica name may be recoverable for Henry, if he so desires to avail himself.

Interestingly enough, Henry recently acquired a large garage - shop....hmmmmm..

I just was mentioning to someone that I felt there may be a chance that the founding family might find holidays to be a bit long and just maybe keeping their hands in the replica business they started could happen as time goes on and distance is put between career changes.  It was a passion of theirs for years, hard to do nothing .... right @Alan Merklin  We do have a large IM fan base up here and some are worldwide.      :>

I do not know anything , but you would think there was a none compete section in the sales contract ,

Also I believe Henry sold most of the stuff in the shop , VW - Porsche etc

Hopefully he got real money and not stock in the new company.

Good luck to him in the future , he made top quality stuff .

That is all true about a non-compete clause. But if the company he has the clause with goes under, so does the clause. That is if, in fact, there was one.

Whoever buys the assets probably gets all the IP , trademarks etc and maybe the non compete contract depending how it was written up ,

Did all the molds get sent to the Arizona factory ?

Well I see a Vintage situation may develop as an armchair quarter back….  stay tuned to this channel

By that I'm assuming you mean Vintage AZ, correct?

It's always good to be clear.

Sorry I meant Vintage California with Greg taking over

https://ir.emvauto.com/emotion...art-Two/default.aspx

A Fresh Start, Part Two

Good for them. Just dreaming here: I think and electric sled that was capable of accepting a variety of sporty bodies, from Speedsters to Devins, to various Lotuses, to dune buggies and modern sports cars would be great.

But what do I know?  Probably wouldn’t be profitable..  

Yeah - a solo passenger with motorcycle licensing in many states seemed a non-starter.  I like the Solo front design - just not the back at all.  Maybe the old Solos can be made into a modern Morgan 3 wheeler with closed in front and not simply totally disappear?  Nice to see innovation and new manufacturing in good ole USA.

@WOLFGANG posted:

Yeah - a solo passenger with motorcycle licensing in many states seemed a non-starter.  I like the Solo front design - just not the back at all.  Maybe the old Solos can be made into a modern Morgan 3 wheeler with closed in front and not simply totally disappear?  Nice to see innovation and new manufacturing in good ole USA.

ElectraMeccanica is a Canadian company. They've got an Arizona factory, but I don't know if or how many cars (?)  have been built there. Not quite "the good ole USA", but "good ole North America"?

As far as converting them to anything - the defect is that the vehicles just stop in the middle of the road. The company doesn't know why, and they're buying them back. There is a full refund for giving them back, and no support of any kind if you don't. Anybody with any sense would bail on them while they still can.

I know Henry was a part of the startup, and I know we all love him - but ElectraMeccanica was doomed from the start. The only surprise to me is that they are still feigning solvency. The stock is trading at $.59 - why it's not zero is the only real question. There is no product, no product on the horizon, and the company has hemorrhaged money since it's IPO in 2017.

I like weird stuff, but this 3-wheeled golf-cart never held any interest for me.

My fondest hope is that the 356 molds, tooling, etc. still exist, and that Henry can somehow get it all back and rebuild the company, maybe under a different name, perhaps with one of his (capable) kids running it.

I've got no idea what he's planning to do with his recently rented commercial space, but I hope it's building cars.

"My fondest hope is that the 356 molds, tooling, etc. still exist, and that Henry can somehow get it all back and rebuild the company, maybe under a different name, perhaps with one of his (capable) kids running it.

I've got no idea what he's planning to do with his recently rented commercial space, but I hope it's building cars."

X2. 

I am really disappointed / upset that I can only provide one like to that comment !!

Have you ever tried to find he dislike button on Facebook?    

@Stan Galat that's all very harsh.

Absolutely, obviously-from-the-jump true, unfortunately, but harsh.

Hoping Henry pulls a Phoenix that is unlike the recent Phoenix follies our fine hobby has endured.

@edsnova Stan was just speaking the truth. I agree with him 100% on this. He wasn't harsh, he was just honest.

Do you need a safe space?