Elio Motors set to take over closed GM plant

Jan 10, 2013 | 02:43 PM | Corinna Petry

Tags  Elio Motors, General Motors, Shreveport plant, Louisiana plant, three-wheeled vehicles, Paul Elio, Gov. Bobby Jindal, Corinna Petry

CHICAGO — Elio Motors Inc. plans to spend more than $100 million to retool General Motors Co.’s plant in Shreveport, La., which closed last summer after years of making midsize pickups.

Elio Motors will make enclosed, three-wheeled vehicles that are able to attain more than 80 miles per gallon on the highway. With an estimated sticker price of $6,800, Elio’s vehicles will be positioned as a low-cost alternative to four-wheeled vehicles.....

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