Elio Motors startup moving into former GM plant in Louisiana
BY Associated Press
Friday, January 04, 2013
1/04/13 at 4:41 AM
BATON ROUGE, La. (AP) - A startup car company called Elio Motors is moving into the former General Motors plant in Shreveport, where it plans to build three-wheeled, low-price vehicles.
The deal was announced Thursday for Elio to take over part of the plant to assemble its two-seat vehicle. The company said it averages 65 miles per gallon of gas and will sell for $6,800 when commercial production begins in mid-2014.
The Phoenix-based company said it would hire 1,500 workers by late 2015, reviving a plant that once built pickup trucks and the commercial Hummer. The Shreveport plant would be Elio's first manufacturing location.
The plant has been closed since late August. GM had handed it over to a trust, the RACER Trust, that took over dozens of GM-owned facilities after the company declared bankruptcy.
Original Print Headline: Old GM plant will house auto startup