Elio Motors

Courtesy: Car & Driver

"CAPITAL MARKETS ARE BROKEN" - Elio Motors CEO Paul Elio says his company won't  hit its July job-creation deadline but emphasized that his company will build three-wheeled vehicles in the former GM Plant in Shreveport in the near future.  Elio joined  Caddo Commissioner- Louis Johnson who arranged a  Thursday afternoon press conference so  Elio could offer some public explanation as to why the company hasn't  kept it’s  scheduled to begin producing vehicles at the former  General  Motors plant in  West Shreveport. The company faces a deadline this summer to create 1,500 j

Kate Archer Kent

Detroit-based Elio Motors says it’s on track to begin producing its three-wheeled vehicle a little over a year from now in the former Shreveport General Motors plant. Founder Paul Elio told Red River Radio that 25 prototypes are under construction in Detroit as the company enters into the product testing phase.  Elio said the main focus now is on engineering the vehicle.

Kate Archer Kent

Phoenix-based Elio Motors has formally announced its agreement to buy the former Shreveport General Motors plant, where it will build three-wheeled vehicles that it says will get more than 80 miles per gallon.

The startup car maker will use one-third of the 3 million acre plant site. Elio Motors said it will hire 1,500 workers by late 2015. Founder Paul Elio said at Thursday's news conference at the plant that he aims to create good-paying U.S. jobs, whether they’re unionized, he said, is up to his workforce.