Elio Motors backfires again: debut delayed until 2018
Hopeful buyers of the fledgling three-wheel vehicle made by Elio Motors will have to wait at least another year. For the third straight year, the company that seeks to revolutionize the automotive industry has delayed its vehicle’s debut. The company founded by Paul Elio recently announced new relationships with new suppliers in a press release. It also touted another prototype on display at the North American International Auto Show in Detroit. In the same time frame, however, the company also posted its latest delay on its Facebook page. Several media outlets, including The Weekly Driver, recently reported the automaker has about $100,000 in the bank and debt of more than $123 million, according to a Security Exchange Commission document. Elio
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