Elio will sell the tadpole-shaped 3-wheeler for $6,800.
The quirky little 3-wheeled Elio, a low-cost, high-mileage vehicle named for its founder, has moved a step closer to production.
The start-up maker has contracted with Italy’s Comau to pull together the manufacturing operations at an old GM plant in Shreveport, Louisiana. Though running a bit behind its original schedule, Elio Motors promises to have the new model in production by the fourth quarter of this year, with dealers set to start delivering the first vehicles by the beginning of 2015.
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“Comau technology is used by car manufacturers all over the world and Elio Motors is fortunate to have their expertise and experience as part of our team,” said Paul Elio, Founder and CEO of Elio Motors.
Elio describes the new car as “the next big thing in transportation.” It features two wheels up front and one in the back, and despite a promised starting price of just $6,800, it will offer three airbags, with the company aiming to earn a five-star federal crash rating.