January 30, 2015 4:32 AM ET


Company Overview of Elio Motors, Inc.

Company Overview

Elio Motors, Inc. designs and manufactures passenger vehicles. The company intends to develop a three-wheel gasoline car which gives 70 miles per gallon. The company was founded in 2008 and is based in Phoenix, Arizona.

Phoenix, AZ 

United States

Founded in 2008

Key Executives for Elio Motors, Inc.

Compensation as of Fiscal Year 2014.

Elio Motors, Inc. Key Developments

Elio Motors to Debut New 0.9 Liter, 3-Cylinder Engine Prototype

On Feb. 6, 2015, Elio Motors will debut the new 0.9 liter, 3-cylinder engine prototype with an official first start at a private event for investors, suppliers and media. The event will be held at the Plymouth, Mich., offices of IAV. In order to provide its customers with high fuel efficiency and still provide the performance consistent with passenger vehicles, the Elio Motors engine must operate efficiently at two different loads lower loads representative of highway cruising, and more demanding loads associated with the fast starts of city driving. The IAV team started with a three cylinder architecture and developed several Elio-specific components, including the cylinder block, cylinder heads, CAM cover, front cover, oil pan, crankshaft, camshaft, valvetrain, pistons, connecting rods, bearings and water pump. This allowed the engine development team the flexibility to keep the design simple, efficient and easy to manufacture while enabling all of the major fuel economy related attributes combustion system, friction and pumping energy to be enhanced. In addition to providing ultra-high fuel efficiency, the vehicle will go from 0-60 in 9.6 seconds and will have a top speed of more than 100 miles per hour. Elio and its manufacturing partner Comau will build the vehicle at a manufacturing facility in Shreveport where General Motors previously built the Hummer H3 and Chevy Colorado.

Elio Motors, Inc. to Work with Comau to Sell Surplus Manufacturing Equipment

Elio Motors, Inc. announced that it will work with its manufacturing partner, Comau, to sell surplus manufacturing equipment from the former GM manufacturing facility in Shreveport, Louisiana, where the company will begin production of its enclosed, three-wheeled vehicle in 2015. The strategy allows Elio Motors to reuse the machinery it needs to manufacture its high-mileage vehicle, raise funds that will go toward production and recycle valuable machinery it does not need. Comau plans to contract approximately 30 people to assist in the disposition of surplus assets and has enthusiastically agreed to give preference to local contracting firms where possible.

Elio Motors to Launch Elio at 2014 International Consumer Electronics Show

Elio Motors is launching its three-wheeled, 84mpg Elio at the 2014 International Consumer Electronics Show in Las Vegas. The vehicle is to be produce at a former General Motors plant in Louisiana, is to arrive at United States dealerships in the first quarter of 2015 and will be priced from USD 6,800. The model features power windows and door locks, ABS and air conditioning. It is likely to be equipped with a 1.0-litre, three-cylinder engine that delivers 70bhp, coupled with a choice of a five-speed manual or automatic transmission.

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