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Elio Motors begins work on Gen 5 prototype of $6,800, 84 MPG Vehicle

Green Car Congress

Elio Motors has begun work on its fifth-generation prototype three-wheeled vehicle. The P5 will include Elio Motors’ recently unveiled 0.9 The P5 will include Elio Motors’ recently unveiled 0.9 Elio Motors is targeting a launch date mid 2016 for a vehicle that will get up to 84 mpg (2.8-l/100

MPG 150
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Elio Motors set to begin operations in former GM plant in Caddo Parish; 80 mpg highway 3-wheeler for $6,800

Green Car Congress

Elio Motors has taken the next step in its plan to manufacture its $6,800 3-wheel vehicles in Louisiana; the Caddo Parish Industrial Development Board (IDB) completed its purchase of the former General Motors Shreveport Assembly and Stamping Plant, allowing Elio Motors to progress in its manufacturing timeline.

GM 199
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Elio Motors launches stock sale to raise $25M to help bring 3-wheeler to market

Green Car Congress

Elio Motors, which unveiled its fifth-generation three-wheeler prototype at the LA Auto Show ( earlier post ), launched a $25-million stock sale at 4 p.m. Eastern Time on Friday after receiving qualification from the Securities and Exchange Commission under the Regulation A+ ruling in the 2012 Jumpstart Our Business Startup (JOBS) Act.

Motoring 150
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Peugeot Launches New Marque Plan with Downsizing, Hybrids and Plug-ins for Two-, Three- and Four-Wheeled Vehicles; Unveils SR1 Hybrid Concept

Green Car Congress

To achieve its goals, Peugeot is relying on a new products strategy that includes electric propulsion (the i0n i-MiEV-derived electric car) and E-Vivacity scooter from 2010; diesel hybrid in the 3008 from 2011 ( earlier post) ; e-HDi (microhybrid) from 2011 on the entire diesel range; and a plug-in diesel hybrid in 2012. Earlier post.).