New Car Coming To Shreveport - KALB-TV News Channel 5 & CBS 2

New Car Coming To Shreveport

Posted: Updated:

BATON ROUGE, La. – On Thursday, Gov. Bobby Jindal announced that Elio Motors plans to assemble new vehicles at the former General Motors Shreveport plant.

Elio Motors Inc. plans to create 1,500 new direct jobs by late 2015 paying an average annual salary of $47,700, plus benefits, as well as make a capital investment in excess of $100 million.

The company announced it will produce enclosed, three-wheeled vehicles capable of attaining a highway mileage rating of more than 80 mpg. Targeting a retail cost of $6,800, the company will position the Elio vehicle as a cost-effective alternative to four-wheeled autos. The Elio will be equipped with three airbags, power windows and air conditioning as standard features, and the company expects it to achieve a five-star safety rating. Models will be available with automatic or manual transmission.

"After the loss of GM, we made a commitment to the people of Northwest Louisiana that we would not only pursue possible alternative uses for the old GM facility," Jindal said. "But, we would also aggressively pursue new projects in the region that would create new job opportunities. We look forward to partnering with them to secure job-creating tenants in the remaining space that is expected to be made available at the former GM facility."

Elio Motors is purchasing the GM plant from the Revitalizing Auto Communities Environmental Response Trust, known as the RACER Trust.

For continuing coverage on this story, please refer to http://www.kalb.com and @kalbtv5. Join the conversation on Twitter at #kalb5.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Vernon Parish Police Reports

    Vernon Parish Police Reports

    Tuesday, April 22 2014 11:38 AM EDT2014-04-22 15:38:16 GMT
    Sheriff Sam Craft of the Vernon Parish Sheriff’s Office announces recent arrests as follows:More >>
    Sheriff Sam Craft of the Vernon Parish Sheriff’s Office announces recent arrests as follows:More >>
  • Teen driver arrested for vehicular homicide

    Teen driver arrested for vehicular homicide

    Monday, April 21 2014 11:41 PM EDT2014-04-22 03:41:45 GMT
    RAPIDES PARISH, La. (KALB News Channel 5) - On Monday, a single vehicle crash killed a woman from Holden, La. and injured a teenager.  The teenager driver is suspected of driving impaired and has been charged and booked, according to Louisiana State Police. More >>
    RAPIDES PARISH, La. (KALB News Channel 5) - On Monday, a single vehicle crash killed a woman from Holden, La. and injured a teenager.  The teenager driver is suspected of driving impaired and has been charged and booked, according to Louisiana State Police. More >>
  • Texas teen killed in freak SUV accident

    Texas teen killed in freak SUV accident

    Tuesday, April 22 2014 11:49 AM EDT2014-04-22 15:49:41 GMT
    ARLINGTON, Texas (CBS News) - A family is searching for answers after a teenage girl was killed after falling from a moving vehicle, CBS Dallas reported Monday.The incident occurred early Saturday after a group of friends had left a Dallas nightclub. Police said that 17-year-old Lelys Leyva-Monreal fell from the window of a moving SUV and was then struck by that vehicle.Friends and family members said that the group of friends -- including Leyva-Monreal and her boyfriend -- were driving home ...More >>
    ARLINGTON, Texas (CBS News) - A family is searching for answers after a teenage girl was killed after falling from a moving vehicle, CBS Dallas reported Monday.The incident occurred early Saturday after a group of friends had left a Dallas nightclub. Police said that 17-year-old Lelys Leyva-Monreal fell from the window of a moving SUV and was then struck by that vehicle.Friends and family members said that the group of friends -- including Leyva-Monreal and her boyfriend -- were driving home ...More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.