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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.
Today, Arcimoto (Nasdaq: FUV) announced that Florida, Hawaii, and Louisiana are the latest states to reclassify driving requirements for next-generation autocycles such as those made by Arcimoto. Updated “autocycle” classifications in […].
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.
Startup Elio Motors, which needs $230 million to begin production of its radical lightweight, two-seat, three-wheeled fuel-efficient vehicle, is still about $165 million short. New York Auto Show LouisianaThree-wheel Fuel Economy Startups Elio Motors' But he also said the company''s best.
Founder and CEO Paul Elio appeared at a simple podium in front of a bright-orange prototype Elio three-wheeled vehicle. Green Auto Show Elio Motors Louisiana Startups Three-wheel' He spoke briefly, then answered questions from the press.
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 is still working to put its three-wheeled, "84-mpg," two-seat car into production, which is proving to be quite a task. The company turned to a "crowdfunding" project last year to help raise the $230 million needed to start production at its ex-General Motors plant in Shreveport, Louisiana.
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