Phoenix-based Elio Motor took millions in customer deposits and promised an 84-mpg car. Customers are still waiting.
Author: Nathan Bomey and Craig Harris, USA TODAY
Elio Motors promised 1,500 jobs at an old GM plant in Louisiana. But, ‘the intent had no basis in reality’
Not a single vehicle has rolled off Elio Motors’ Shreveport assembly line and not one job has been created.
‘The next Henry Ford’ raised millions to build a $7,000 car. His company still bled cash.
Paul Elio fell on hard times during the Great Recession of 2008. He built a plan to rebound but that road back has been littered with speedbumps.
8 years. $28 million in deposits. The perplexing tale of a three-wheeled car that never arrived.
Elio Motors got 65,000 deposits worth tens of millions of dollars but hasn’t delivered a single vehicle.