Elio Motors executives placed a temporary sign outside the former General Motors plant in Shreveport. The Phoenix-based company plans to manufacture a three-wheeled vehicle in Shreveport.
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.