When I was on Fox News' automotive show this past week, Carbon Motors CEO William Santana Li seemed extremely confident in his firm, Carbon Motors. But, as this Automotive News piece points out, things are not so steadfast.
For example, 1) the company needs federal funding to get the cars off the line.
AND...
2) The 13,000 reservations are not binding
AND...
3) These reservations are running under the assumption that the cars are competitively priced and meet safety standards.
Those are some serious hurdles to overcome but we're rootin' for you, Carbon.
Automotive News reports:
CEO William Santana Li says Carbon Motors Corp. expects to be on track to deliver its first purpose-built police cars in 2013 if a request for a federal loan is successful.
Although the Indiana company has no orders, Li said, "We have over 13,000 reservations from 350-plus law enforcement agencies in 48 states." Those reservations are not binding and assume that the vehicles are competitively priced and meet safety standards, he said.
The first vehicle "will roll off the line 36 months after the Obama administration approves the federal loans," said Li, an ex-Ford executive...
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