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Elio Motors Plans to Sell 100 Pre-Production Vehicles Built at its Shreveport Manufacturing Facility
Elio Motors Plans to Sell 100 Pre-Production Vehicles Built at its Shreveport Manufacturing Facility.
About this update from Elio Motors Inc
[{"type":"text","content":"\n\n\n\nElio Motors Plans to Sell 100 Pre-Production Vehicles Built at its Shreveport Manufacturing Facility\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nElio Motors Plans to Sell 100 Pre-Production Vehicles Built at its Shreveport Manufacturing Facility\nVehicles are Key Step To Refining Final Consumer Production Projected to Begin in 2017\nPR Newswire\nPHOENIX, March 11, 2016\n\n\n\nPHOENIX, March 11, 2016 /PRNewswire/ -- Elio Motors, Inc. (OTCQX: ELIO), the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 MPG with a targeted base price of $6,800, today announced it plans to sell 100 pre-production vehicles built at its Shreveport, Louisiana, production facility fourth quarter of 2016.\n\n\n\"Elio Motors is ecstatic to announce that we are taking a major step forward in our development of the Elio,\" said Elio Motors founder and CEO Paul Elio. \"We now intend to sell the first 100 pre-production vehicles built to one or more fleet customers, rather than use them for internal purposes as previously disclosed in our offering statement filed with the Securities and Exchange Commission. This will help us generate additional revenue, it will allow us to evaluate vehicles under real-world driving conditions and it will allow our supplier team to refine our design.\" \n\nThis limited run of pre-production vehicles will be a major step forward for Elio Motors as it works toward mass production. The pre-production vehicles will allow Roush, which was named lead engineering partner earlier this week, to provide a quieter, smoother vehicle with refined driving characteristics. Ultimately, this will raise customer satisfaction with the final production vehicle.  \n\n\"We are chomping at the bit to get started on these 100 vehicles, as it's an important step in our evolution,\"said Gino Raffin, vice president of manufacturing for Elio Motors. \"The work we do on these vehicles will provide important insight that will make for a smooth transition when we begin hiring production workers for the consum...