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Thu Jan 10, 2013, 07:44 PM

Maker of high-mileage 3-wheel vehicles buys former GM plant

By Ben Klayman

DETROIT | Thu Jan 3, 2013 2:39pm EST

(Reuters) - Elio Motors has agreed to purchase a former General Motors Co (GM.N) assembly plant near Shreveport, Louisiana and will use it to build three-wheeled vehicles that it says will get more than 80 miles on a gallon of gasoline, the company said on Thursday.

Terms of the sale were not disclosed in a joint press release from Elio and Racer Trust, which owns properties GM disposed of in its bankruptcy. The deal is expected to close in the spring.

Elio said it expects to begin commercial vehicle production in mid-2014 with "significant hiring" at the plant to begin by the second quarter of that year and full employment of 1,500 people reached in late 2015. Louisiana state officials said in a separate release that Elio will begin renovating the plant early this year.

Elio said its car will achieve a highway mileage rating of more 80 miles per gallon. Louisiana officials said Elio is targeting a retail price of $6,800 for the car, which will be equipped with three airbags, power windows and air conditioning.

The rest: http://www.reuters.com/article/2013/01/03/us-trust-formergmplant-idUSBRE9020M420130103

9 replies, 2384 views

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Arrow 9 replies Author Time Post
Reply Maker of high-mileage 3-wheel vehicles buys former GM plant (Original post)
madokie Jan 2013 OP
dipsydoodle Jan 2013 #1
NoOneMan Jan 2013 #4
madokie Jan 2013 #6
NoOneMan Jan 2013 #8
madokie Jan 2013 #9
leveymg Jan 2013 #7
PoliticAverse Jan 2013 #2
NoOneMan Jan 2013 #3
Kolesar Jan 2013 #5

Response to madokie (Original post)

Thu Jan 10, 2013, 07:50 PM

1. Those were the days



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Response to dipsydoodle (Reply #1)

Thu Jan 10, 2013, 07:53 PM

4. What is that thing?

 

Never seen one before. Looks like a motorcycle engine up front

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Response to NoOneMan (Reply #4)

Thu Jan 10, 2013, 07:56 PM

6. Its a Morgan

and its built in England and that is a Harley engine, best I remember

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Response to madokie (Reply #6)

Thu Jan 10, 2013, 08:19 PM

8. Pretty cool

 

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Response to NoOneMan (Reply #8)

Thu Jan 10, 2013, 08:23 PM

9. they use a lot of wood in the coach work too

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Response to dipsydoodle (Reply #1)

Thu Jan 10, 2013, 08:06 PM

7. It's a modern retro repro of a 1935 Morgan-JAP trike, a UK "light car". Here's the real thing:

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Response to madokie (Original post)

Thu Jan 10, 2013, 07:51 PM

2. Youtube video of the car...

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Response to madokie (Original post)

Thu Jan 10, 2013, 07:52 PM

3. Neato Looking (wait--I think I posted wrong car!)

 



One step up from a motorcycle. Doesn't carry kids.

Great sticker price. I could see these catching on. They look sexier than walking or taking a bus.

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Response to madokie (Original post)

Thu Jan 10, 2013, 07:53 PM

5. I could save $10/month in gasoline with the Elio! ... eom

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