Elio Motors
American automotive company / From Wikipedia, the free encyclopedia
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Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle.
Quick Facts Company type, Traded as ...
Company type | Public |
---|---|
Expert Market: ELIO | |
Industry | Automobile |
Founded | 2009 |
Founder | Paul Elio |
Headquarters | , United States |
Number of locations | 3 Shreveport, Louisiana; Livonia, Michigan; Phoenix, Arizona |
Area served | United States |
Key people | Paul Elio, founder and CEO James Holden, Board Member David C. Schembri, Board Member Kenneth L. Way, Board Member Stuart Lichter, Board Member Hari Iyer, Board Member |
Products | Three-wheel motor vehicles |
Owner | Paul Elio |
Website | eliomotors |
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Since the 2009 conception, the company illustrated and repeatedly delayed a release date for its original gasoline powered vehicle, pivoted to an electric powered concept, collected an estimated $28 million of deposits,[1] has been fined $7.5 million for failing to create promised jobs in Louisiana[1] ā and as of May 2022 has not neared production.[2][3]
As early as 2015, The New York Times noted Elio Motors was selling "spots on the waiting list ā and, more broadly, a dream."[4]