article thumbnail

The Challenges Paul Elio Faces To Launch A Three-Wheel, 84-MPG, $6,800 Car

Green Car Reports

Startup Elio Motors, which needs $230 million to begin production of its radical lightweight, two-seat, three-wheeled fuel-efficient vehicle, is still about $165 million short. CEO Paul Elio, speaking at last week''s New York Auto Show, said it has taken more than 41,000 deposits from eager potential buyers.

article thumbnail

Elio Motors: First-Ever Auto-Show Press Event In NYC Touts '84-MPG' Three-Wheel Car

Green Car Reports

Startup automaker Elio Motors put on its first-ever car-show press conference last week, taking the last slot on Thursday''s media schedule at the New York Auto Show. Founder and CEO Paul Elio appeared at a simple podium in front of a bright-orange prototype Elio three-wheeled vehicle.