Production Start Pushed Back For Elio
SHREVEPORT, La. (AP) — The start date for production of a new three-wheeled vehicle at a plant in Shreveport has been pushed back.
The Times of Shreveport reports that production at Elio (EE'-lee-oh) Motors had been slated to start by March 2015. Now, it is expected to begin in September 2015.
Founder Paul Elio says the reason is a funding delay last year.
Stuart Lichter, an industrial developer leasing the plant, was set to invest $7.5 million in Elio Motors — in conjunction with the purchase of the facility for the same amount by Caddo's Industrial Development Board. The proposal received a green light from the Caddo Commission in August. But, it was delayed until December.
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