Friday, June 16, 2017 8:27:20 PM
Car Manufacturer News
Elio Motors Needs A Quick $25 Million
By
Steven Symes
Published on Jun 16, 2017
Comment
Remember Elio Motors, the company that was going to revolutionize how we get around with a weird three-wheeled “car”? It’s in serious trouble. The good news is with a quick $25 million, it can make things right.
SPONSORED
One of the many problems Elio faces is the fact hit hasn’t paid its RACER Trust bill since October of last year, according to KSLA-12, a news station in Louisiana. That was for a $23 million loan, or money to set up shop in an old GM plant. Add to that amount $1.7 million in back payments, plus an 18 percent interest rate that just keeps racking up the tab.
http://www.insidercarnews.com/elio-motors-needs-a-quick-25-million/
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM