3 Wheeler

Elio Motors continues to drag its feet regarding the start of production for its three-wheeled, two-seat, "84-mpg" vehicle, but it may now be running out of time. The company previously said it had received 55,000 reservations for the car, representing potential sales of $300 million. Last year, it raised $17 million through small-investor crowdfunding. DON'T MISS: Will 3-wheeled so-called 'autocycles' break out this year? We're skeptical But so far, Elio has only built a handful of prototype cars. Now the company says it will push the start of series production back to 2018, according to a...

Many in the green car industry are watching startup automaker Elio Motors with interest. The company has big plans for its small three-wheeled car, as well as thousands of fans on social media networks and plenty of names on the order list. Now, Elio also has a place to build its car, finally striking a deal to build its fuel-efficient tandem vehicle at the former General Motors assembly plant in Shreveport, Louisiana. Elio has long been eyeing the plant but having originally announced its intention to build there, plans to buy the plant outright fell through last September. Instead, Elio...