Remove Building Remove Buy Remove MPG Remove Three Wheeled
article thumbnail

Elio Motors to buy engines, abandons building its own

Green Car Reports

Elio Motors, which has been struggling since 2009 to build its own ultra-cheap, small, fuel-efficient, three-wheeled car, announced Thursday that it will source an engine from a major automaker. Previously, the company planned to build its own 3-cylinder engine with up to 55 horsepower for its projected 84-mpg three-wheeler.

Building 134
article thumbnail

Elio Motors begins work on Gen 5 prototype of $6,800, 84 MPG Vehicle

Green Car Congress

Elio Motors has begun work on its fifth-generation prototype three-wheeled vehicle. Elio Motors is targeting a launch date mid 2016 for a vehicle that will get up to 84 mpg (2.8-l/100 The 506 (c) offering is made possible by the Jobs Act of 2012, and allows accredited investors to buy in to Elio Motors. Earlier post.)The

MPG 150
article thumbnail

Startup Elio Motors Doesn't Get To Buy Ex-GM Plant After All

Green Car Reports

Elio Motors’ tiny three-wheeled, 84-mpg vehicle already has a significant following, but before Elio can turn those fans into buyers, it needs to secure a place to build it.

Motor 143
article thumbnail

Elio Motors launches stock sale to raise $25M to help bring 3-wheeler to market

Green Car Congress

Elio Motors is seeking to raise the $25 million to move closer to production, including building and testing an additional 25 vehicles that will be used for final engineering steps and validation. The company has offered an opportunity for all those that have indicated interest to buy shares during an exclusive period running to 2 December.

Motor 150
article thumbnail

Can-Am Spyder First Drive: Embracing The Third Wheel

The Truth About Cars

Despite having seen them around for years, they were models I had long assumed would be marginally better than the atrocious three-wheeled motorcycles offered by Harley-Davidson. Can-Am’s three-wheeled products turned out to be some of the best touring vehicles I’ve ever ridden sans air conditioning.