The 505 probably has more in common with a 47J than an L4.
Had a look at one at HAI in Dallas and in all honesty it looks crude.
So much for an elegant and simple solution.
I think the cab section is made in Spain.
It looked to be about as elegant as an R22. Lots of screws everywhere.
Tubular frame - cables to the TR control.
I doubt that it will be as durable as a 206.
Time will tell.