Elio sputters again, production now in 2016?
The future of Elio Motors and its founder’s vision for a gas-thrifty, inexpensive three-wheel vehicle has taken another detour. And this time, even a diehard believer in the product is uncertain of its future According to KSLA, a television station in Shreveport, La., where the pending car’s manufacturing plant is located, Paul Elio says the company is $240 million short of the funding necessary to begin production. Elio believes the company can now begin production in the first half of 2016. But he could not predict a date. The television station has an interview with Eddie Chavez, a retired General Motors employee who spoke with Elio and then expressed his combined disappointed and remaining hope with the television station. The
Read more