Elio Motors says it will build production cars next October

Elio Motors founder Paul Elio at New York Auto Show press conference, Apr 2015Paul Elio told investors and media Friday in Shreveport, Louisiana, that his three-wheeled car would go on sale next year after several delays and questions about funding. "I believe this project has to happen," Elio said. Elio told media that his company had raised more than $100 million for a three-wheeled car that would cost $7,500 and manage...