Cooper Tire & Rubber Company CTB and Elio Motors, Inc., today
announced that they have signed a letter of intent to work together.
Elio, headquartered in Troy, Michigan, is an automotive startup
pioneering a three-wheeled, two-passenger vehicle expected to compete in
the ultra-high mileage category beginning in late 2014. Once the
agreement is finalized, Cooper intends to supply Elio tires as original
equipment on the innovative vehicle, which Elio expects to achieve up to
84 miles per gallon.
Weighing about 1,200 pounds, the futuristic Elio runs on a
three-cylinder, 55-horsepower, fuel-injected engine. The vehicle is
expected to retail for approximately $6,800 and Elio plans to produce it
in Shreveport, Louisiana, using
See full press release
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