JEFFERSON PARISH, LA (KSLA) - Elio Motors plans to appeal a Louisiana board's decision to penalize the company for allegedly violating state law.
The state Motor Vehicle Commission is accusing Elio Motors of operating as a manufacturer/dealer of recreational products without a license.
The panel decided during a hearing Monday in Metairie to fine Elio Motors $545,000 for offering reservations for the future purchase of its 3-wheel vehicles.
The commission also ordered Elio Motors to obtain both licenses to manufacture and deal in Louisiana and to place all refundable Elio Motors reservations into a trust account within 60 days.
Following is a statement Paul Elio, founder and CEO of Elio Motors, released Wednesday:
The commission's executive director, Lessie House, told KSLA any such appeal would have to be filed in the 24th Judicial Court in Jefferson Parish.
KSLA reached out to district court officials on Wednesday but they report no appeal has been filed in their records yet.