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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 produced more than 4.8

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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.

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