The Challenges Paul Elio Faces To Launch A Three-Wheel, 84-MPG, $6,800 Car

Startup Elio Motors, which needs $230 million to begin production of its radical lightweight, two-seat, three-wheeled fuel-efficient vehicle, is still about $165 million short. CEO Paul Elio, speaking at last week’s New York Auto Show, said it has taken more than 41,000 deposits from eager potential buyers. But he also said the company’s best… …read more