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Paul Elio told investors and media Friday in Shreveport, Louisiana, that his three-wheeled car would go on sale next year after several delays and questions about funding. "I Elio told media that his company had raised more than $110 million for a three-wheeled car that would cost $7,500 and manage.
Elio Motors’ tiny three-wheeled, 84-mpg vehicle already has a significant following, but before Elio can turn those fans into buyers, it needs to secure a place to build it.
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
Elio Motors, the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $6,800, will sell 100 pre-production vehicles built at its Shreveport, Louisiana, production facility fourth quarter of 2016. —Elio Motors founder and CEO Paul Elio.
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