Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
Troubled three-wheel car startup Elio Motors is getting a $ 2.5 million lifeline from online retailer Overstock.com to help it pay off debts and accounts payable and fund capital expenditures. Elio simultaneously announced plans to launch a security token offering of a “ElioCoin” cryptocurrency to help it put the vehicle into production. Overstock.com is buying […]
The last time we heard much about Elio Motors was back in January at the Detroit auto show, where the company showed off its latest iteration of the E-Series three-wheeler. That month, we also learned that Elio was seriously low on cash. But the company seems to have a plan to fix that, and it […]
A new report finds Elio Motors has just $ 101,000 left in cash, and an accumulated deficit of $ 123 million. The company warned that it might have to cease operations if it doesn’t obtain financing. The post Damning report suggests you’ll never commute in Elio Motors’ three-wheeler appeared first on Digital Trends. Cars–Digital Trends
