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Elio Motors reaches their goal

Posted on 6/17/15 at 9:19 am
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 6/17/15 at 9:19 am
Only story I could find

quote:

it seems that the company has finally come through in raising the needed $240 million to mass produce its incredible car.


quote:

Elio Motors subsequently announced that it will build a fifth-generation prototype of the car which it shall call as the P5 soon before mass production begins in 2016.


quote:

It seems like Elio and his company have meet their initial target for funding support so production goals for the car will be on schedule, including the possible launching of a production version of the three-wheel vehicle in the middle of next year, which is to be the P5.


Still suspect on this company, but it does seem like they reached their fist target funding goal.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58385 posts
Posted on 6/17/15 at 9:25 am to
Posted by dagrippa
Saigon
Member since Nov 2004
11303 posts
Posted on 6/17/15 at 9:26 am to
That link looks like a paid advertisement inset in a magazine.
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 6/17/15 at 9:27 am to
Land Rover wanted to buy the GM factory in Shreveport where these might one day be made (yeah right)... the local government wouldn't cancel Elio's lease.
This post was edited on 6/17/15 at 9:28 am
Posted by Hangover Haven
Metry
Member since Oct 2013
26709 posts
Posted on 6/17/15 at 9:45 am to
Looks really practical...
This post was edited on 6/17/15 at 9:46 am
Posted by Hester Carries
Member since Sep 2012
22486 posts
Posted on 6/17/15 at 9:47 am to
And they already signed a contract with Goldmember


Posted by TROLA
BATON ROUGE
Member since Apr 2004
12405 posts
Posted on 6/17/15 at 9:59 am to
I keep wondering how true and close the Land Rover deal was to being real.. If what some are parroting is true then shrevepory screwed themsleves on a untested concept car
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