Big news in the business world in Shreveport-Bossier. Elio Motors is planning to buy the General Motors plant in West Shreveport. What's the plan?

The company makes high mileage cars that will cost under $7,000. The company plans to hire more than 1500 workers in the early stages. Salaries for those jobs will average $37.50 an hour. Ultimately, the company could employ as many as 3,000 people at the local plant.
The former G-M assembly plant closed its doors back in August. One of the major selling points is the fact that the plant is already set up for manufacturing cars.
Take a look at the world of Elio Motors: