Fourth-gen Elio model gets 86-mpg trike closer to production
Earlier this month, the company said that it had secured (with the help of local government agencies) the former General Motors Shreveport Assembly and Stamping Plant from RACER Trust (Revitalizing Auto Communities Environmental Response Trust) for its new Louisiana factory, and that production may begin as soon as early next year. The vehicle, said to get 84 miles per gallon, will be priced at $6,800. A 1.0-liter, three-cylinder engine will provide 70 horsepower, giving the vehicle a 0-60 mpg time of less than 10 seconds. And the eight-gallon tank will give the car lots of range to roam.
In December, the Michigan-based company started taking $100-deposits for the vehicle on its website, and about 6,300 folks had signed up as of the end of the year. Elio expects to employ about 1,500 people at its Louisiana plant, and the time is coming close when we will see if this is an accurate number.
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