Production start pushed back for Elio
SHREVEPORT - The start date for production of a new three-wheeled vehicle at a plant in Shreveport has been pushed back.
Production at Elio 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.