Elio Motors is an automobile design company founded by Paul Elio in 2009. The three-wheeled Elio P4 aspires to attain a highway mileage rating of up to 84 mpg with regular features such as power windows, a power door lock, cruise control, and air conditioning, all in an aerodynamic, enclosed vehicle body. The design also includes a safety system of multiple air bags, anti-lock brakes, traction control, steel unibody frame, and crumple zones. Elio is targeting their first manufacturing site to be in Shreveport, Louisiana.
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Specifications
Elio Motors plans to manufacture a three-wheeled vehicle (two wheels in front, one in back). Advertisements in 2017 show a base price of $7,450 ($7,300 for people with reservations). It is projected to achieve up to 84 mpg-US (2.8 l/100 km) on the highway and up to 49 in the city. As of June 2017 there are five prototypes and three validation vehicles (codename E1-A, E1-C, and E1-D) to test for safety, aerodynamics, and durability. Even though the E1-C is not used for testing, it is significantly closer to a production model than P5, with updated interior and a cosmetically-evolved engine. The company claims the car is produced using 80% soft-tooling. The testing phase is concluded, and the company plans to build 100 pre-production fleet vehicles at its Shreveport, Louisiana manufacturing facility when additional funds are secured.
The vehicle is designed to have standard features such as AC/Heat (manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. Continental AG has created a tire specifically for the Elio. The Elio designs meet motorcycle standards because as a three-wheeler, it is within the U.S. government's motorcycle classification. The company has lobbied in most states, to alter regulations that would otherwise require drivers to wear a helmet and, in many states to remove the requirement for operators to have a motorcycle endorsement on their driver license.
The design specifications includes a target curb weight of 1,350 lb (610 kg); three-wheel anti-lock disc brakes; an inline 0.9 liter three cylinder (designed especially for Elio by IAV), 55 horsepower (41 kW) engine; and front-wheel drive, with a top speed of 107 mph (172 km/h) and an acceleration of 0 to 60 mph (0 to 97 km/h) in approximately 10.8 seconds. The vehicle design has an overall length of 160.5 inches (4.08m) and an overall height of 54.2 inches. The front track is designed to be 66.8 inches with a wheelbase of 110 inches. The trunk space is designed to be 27 × 14 × 10 inches, enough for an airline carry-on bag or a golf bag with the rear seat down (47+ inches).
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Production
Elio Motors is based in Phoenix, Arizona and is preparing to manufacture its vehicles in Shreveport, Louisiana, using a portion of the former General Motors 3.2 million-square-foot plant. It is estimated by the company that upwards of 1,500 will be directly employed at Shreveport facility plus an additional 1,500 at the supply base. In addition, Elio Motors is targeting 90% North American parts for its vehicle.
100 pre-production fleet vehicles were scheduled to be produced in December 2016, however, social media replies on Nov 1, 2017 from Elio Motors stated, "We are targeting the start of production in 2019". The anticipated official service provider for Elio Motors is Pep Boys which can provide a nationwide network for vehicle service with more than 800 service centers and 7,500 service bays in 35 states. The company started accepting customer reservations on its website in January 2013 and has received 65,341 as of February 21, 2018. On 2017 August 03, Elio filed with the U.S. Securities and Exchange Commission to have an initial public offering (IPO) for its common stock in order to raise $100 million in capital. In the filing, it said that their vehicle won't be available until 2019 at earliest.
Criticism and controversies
Elio Motors has delayed the release date, which was originally in 2012. Since then, the date has been pushed back each year. In December 2016, the date was announced to have moved to 2018. and on Nov 1, 2017 in a Facebook reply, Elio Motors mentioned the start of production aimed for 2019. These dates have made automotive analysts question the company's ability to deliver this car at all. Critics have drawn comparisons to the Dale automobile or Lit Motors C-1, which had similar production schemes requiring more funding than was attainable, while updating production timelines to give the impression that a product was deliverable. In an effort to secure a Department of Energy loan, Elio is offering advance reservations where the buyer can reserve a spot in line to possibly purchase a vehicle for a base price of $7,450.
According to KTBS news, the car company had $123 million in debt with $101,317 in the bank as of Sept. 30, 2016.
Source of the article : Wikipedia
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