$28 million in deposits. 8 years. In 2013, Paul Elio shared the prototype for an ultra-cheap, gas-powered car that he claimed would revolutionize transportation. The car's promise would then ...
True, you could get a halfway decent used car for $7,000, but it probably wouldn't be as exotic as Elio's new machine. It also wouldn't get over 80 miles per gallon. So what's the thing like?
About Elio Motors Founded by car enthusiast Paul Elio in 2008, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is ...
Troubled three-wheel car startup Elio Motors is getting a $2.5 million lifeline from online retailer Overstock.com to help it pay off debts and accounts payable and fund capital expenditures.
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I was impressed. Cheap cars with style and personality are great. Elio's plan is to make motoring more affordable, and to that end it has created an inexpensive vehicle that doesn't use any exotic ...