Elio Motors suffers further setback, debut in late 2015?
The future of the much-discussed Elio Motors three-wheeler has been further delayed — likely for more than a year — according to several website reports. The Dubai-based news portal, AirHerald.com report funding issues have stalled the pending start of manufacturer’s production site in Shreveport, Louisiana. The dilemma may push back the public debut of the vehicle to at least September, 2015. Officials at Elio Motors had hoped production of the $6,800 car would be last March. In addition to funding issues, uncertainly from regulators how three-wheel vehicles should be classified have further complicated the much-anticipated car. According to AirHerald.com, Elio Motors has plans to hire 800 workers in June 2015. Elio Motors reportedly has raised more than $55 million, less
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