Major announcement expected on future of former GM plant - WAFF-TV: News, Weather and Sports for Huntsville, AL

Source: Elio Motors to move into former Shreveport GM plant

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Elio's fuel-efficient vehicle has three wheels, seats two and comes in 7 different colors, including Sour Apple, Red Hot, Licorice and Marshmallow. (source: www.eliomotors.com) Elio's fuel-efficient vehicle has three wheels, seats two and comes in 7 different colors, including Sour Apple, Red Hot, Licorice and Marshmallow. (source: www.eliomotors.com)
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SHREVEPORT, LA (KSLA) -

The new tenant at the former General Motors plant in Shreveport could be a startup auto firm called Elio Motors.

KSLA News 12 has learned from a reliable source that the company will make Shreveport its manufacturing home in 2013.

The Caddo Parish Commission and representatives of the RACER Trust are expected to make the announcement at Noon on Thursday at the site of the former GM plant. The trust was set up and tasked with cleaning up, maintaining and selling 89 former GM plants in 14 states in the wake of the automaker's bankruptcy.

The last truck rolled off the assembly line at GM Shreveport on August 28.

Citing a confidentiality agreement, Caddo Commission officials and RACER have declined to identify the new tenant before the announcement is made.

At Wednesday's Caddo Parish Commission work session, parish assistant administrator Randy Lucky revealed that the new tenant will be a manufacturer, and that it's expected to bring 1,500 jobs by April.

Lucky confirms it will be an auto manufacturer, but not one of the "Big Three" (Ford, General Motors and Chrysler). In fact, Lucky says this will be their first time manufacturing cars on a large scale.

Lucky says it will be a U.S.-based company that will be paying $37.50 per hour for manufacturing jobs on the assembly line. Lucky says the unnamed company is not affiliated with a union at this point.

According to the company's Facebook page, Elio Motors was founded in 2008. On its website, the Phoenix-based company claims to be "the next big thing in transportation" and features a small, 3-wheeled vehicle that runs on regular unleaded gas capable of getting 84 miles per gallon on the highway.

According to the company's website, they expect to deliver the first Elio, retailing for $6,800, in July 2014.

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