Troubled three-wheel car startup Elio Motors is getting a $2.5 million lifeline from online retailer Overstock.com to help it pay off debts and accounts payable and fund capital expenditures. Elio simultaneously announced plans to launch a security token offering of a "ElioCoin" cryptocurrency to help it put the vehicle into production.
The company is cash-strapped.
Elio Motors' financials are grim.
Other Elio prototypes are being tested for anti-lock braking systems.
Elio will be back, and the delayed delivery date is getting close.
Elio's three-wheeled vehicle should get up to 84 mpg.
We expect Elio sales to be pretty low in West Virginia.
If Elio Motors wants to sell its three-wheeled vehicle to the masses, it'll need motorcycle-license laws to change. Well, good news.
Three-wheel automaker Elio partners with satirist the Onion on election-themed marketing campaign.
Elio Motors is exploring additional applications for the motor it developed with its partners. Good move, or a hail Mary pass?
Elio Motors is offering a reservation bonus worth 50% of your money, up to $500 for a $1,000 non-refundable deposit.
Elio Motors will get 100 of its pre-production trikes on the road by selling them to fleet customers in the fourth quarter of this year. The company will delay deliveries to people with reservations yet again.
A day-long workshop on dealership laws in America shows that the FTC is listening to different voices on the issue. But what is it hearing?
The FTC will hear eight hours of testimony on things like vehicle distribution, dealership locations, and direct vehicle sales today.
Things are moving forward pretty much as planned for Elio Motors, the company that wants to make affordable, highly efficient three-wheelers in the US.