Elio seeks $100 million in IPO; 3-wheeler price raised, production delayed, again

Elio Motors prototype at New York Auto Show press conference, Apr 2015Entrepreneur Paul Elio's concept for a simple three-wheeled car that would cost only $6,800 has now been with us for eight years. During that time, he has shown the car hundreds of times to diverse groups of people, taken tens of thousands of reservations, sold stock in the company, and suggested an EPA fuel-economy rating of 84 mpg highway. Elio...