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Elio Motors Inc’s application for a U.S. Department of Energy Advanced Technology Vehicle Manufacturing (ATVM) loan has passed the first of three phases of review, is now “substantially complete,” and in the “due diligence” phase. The U.S.-based start-up is seeking $185 million in total to accelerate plans to begin production of its enclosed, three-wheeled gas-saving […]

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Elio vehicles will be fitted with Cooper low rolling resistance tires. Cooper Tire & Rubber Company and Elio Motors, Inc., announced November 11 that they have signed a letter of intent to work together. Elio, headquartered in Troy, Mich., is an automotive startup and said it is pioneering a three-wheeled, two-passenger vehicle expected to compete […]

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