Elio Motors is a manufacturer of cars the less peculiar. Was founded in the year 2009 by Paul Elio in Phoenix (Arizona, Usa) and his first and only car is the Three Wheeled (tricycle with three wheels and space for two people). This vehicle, three wheels, was presented officially in the past Auto Show in Detroit and with him the u.s. firm seeks to ensure that its drivers can cover large distances with a minimum consumption.
So that they can launch to the market its first model in the brand they work thanks to the contributions and reserves that the customers perform who are interested in purchasing one of these models. If everything goes as planned by the managers of the firm, according to the Facebook of the brand the production of the model and the first deliveries to customers will be in the first few months of the next year 2018.
The place chosen for Elio Motors to make their cars desirable an old factory that General Motors had in the state of Louisiana. This place is being conditioned for the production of the Three Wheeled can be a reality as soon as possible, because the signature should be covered with about 60,000 pre-orders that the customers have been made when the model was presented publicly.
however Elio Motors it seems that you have some other problem to deal with the commercial launch of its three-wheeled vehicle. The reason would be that is not going through a good economic moment as so that you can start your activity is making strong financial investment. They are causing burn more money than it is generating and therefore your cash flow is in the red.
If this situation lasts for a long time Elio Motors could see how your car would never set foot in the street, and therefore would have failed in his attempt to create a vehicle that is quite unique. By now the firm has not made statements on how to solve this financial situation, but it gives us that they will try to resolve this problem to not fail in the attempt.
Source – Autoblog