Elio Motors modifys high-mpg trike, now renting space at former GM plant
#1
01-09-2014, 07:30 AM
Elio Motors modifys high-mpg trike, now renting space at former GM plant
Filed under: Manufacturing/Plants, MPG, GM, USA
Elio Motors, the company that wants to sell you an inexpensive, fuel-efficient three-wheeled commuter car, has taken a big step towards that dream. It now looks like it will have a factory roof under which to assemble its 84-mile-per-gallon, $6,800 offering, thanks to the Caddo Parish Industrial Development Board (IDB).
The local government agency has officially completed the purchase of the former General Motors Shreveport Assembly and Stamping Plant from RACER Trust (Revitalizing Auto Communities Environmental Response Trust) or, as it is often referred to, "Old GM." IBD will lease a 1.5-million square foot portion of the 4.1-million sq. ft. building through intermediary Industrial Realty Group.
The arrangement was not without controversy. One commissioner objected to the plan strongly enough to launch a lawsuit to stop it. An injunction put in place has since been lifted, clearing the way for money from the parish's Reserve Trust and the Oil and Gas funds to be used in the purchase.
Production is now said to begin in early 2015, supplying up to 1,500 jobs for area residents. When - and, we should skeptically add, if - the cars start coming off the line they will not look exactly as they've have been pictured up till now. The company's blog shows its fourth prototype, now under construction, which has integrated the headlights completely into the body to improve aerodynamics and lowered the beltline to increase outward visibility.
The company optimistically hopes to eventually sell 250,000 units a year and is now taking $100 reservations on its website. As of December, the company said it has 6,342 hand raisers. For more details on this most recent development, scroll below for the official press release.Continue reading Elio Motors modifys high-mpg trike, now renting space at former GM plant
Elio Motors modifys high-mpg trike, now renting space at former GM plant originally appeared on AutoblogGreen on Thu, 09 Jan 2014 10:30:00 EST. Please see our terms for use of feeds.
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Elio Motors, the company that wants to sell you an inexpensive, fuel-efficient three-wheeled commuter car, has taken a big step towards that dream. It now looks like it will have a factory roof under which to assemble its 84-mile-per-gallon, $6,800 offering, thanks to the Caddo Parish Industrial Development Board (IDB).
The local government agency has officially completed the purchase of the former General Motors Shreveport Assembly and Stamping Plant from RACER Trust (Revitalizing Auto Communities Environmental Response Trust) or, as it is often referred to, "Old GM." IBD will lease a 1.5-million square foot portion of the 4.1-million sq. ft. building through intermediary Industrial Realty Group.The arrangement was not without controversy. One commissioner objected to the plan strongly enough to launch a lawsuit to stop it. An injunction put in place has since been lifted, clearing the way for money from the parish's Reserve Trust and the Oil and Gas funds to be used in the purchase.
Production is now said to begin in early 2015, supplying up to 1,500 jobs for area residents. When - and, we should skeptically add, if - the cars start coming off the line they will not look exactly as they've have been pictured up till now. The company's blog shows its fourth prototype, now under construction, which has integrated the headlights completely into the body to improve aerodynamics and lowered the beltline to increase outward visibility.
The company optimistically hopes to eventually sell 250,000 units a year and is now taking $100 reservations on its website. As of December, the company said it has 6,342 hand raisers. For more details on this most recent development, scroll below for the official press release.Continue reading Elio Motors modifys high-mpg trike, now renting space at former GM plant
Elio Motors modifys high-mpg trike, now renting space at former GM plant originally appeared on AutoblogGreen on Thu, 09 Jan 2014 10:30:00 EST. Please see our terms for use of feeds.
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