According to Paul Elio, one of the many start-up strategies that they are looking at is the disposal of surplus equipment from the former GM facility located in Louisiana, which is worth around several million dollars on eBay. He also plans to make use of the same plant for the production of their upcoming vehicle.
Elio Motors plan to provide a breathtaking look into their aerodynamically styled that will sell for a price of $6800 and churn out 84 miles per gallon. Recent reports indicate that the Elio vehicle will be up for display from May 16-17 as a part of the Smithsonian Magazine’s ‘Future is here’ festival. It will be a four day event that highlights some of the most advanced thinking in technology, science, innovation and engineering from a variety of visionaries, experts and famous science lovers. Paul Elio declared that the company is honored to be a part of the brightest minds in science and technology.
Stay tuned for more updates on Elio Motors!