I found this interesting article today about the testing of their new engine in February.
From Digital CAD.
http://cad.digitalmedianet.com/articles/viewarticle.jsp?id=3700506
It's also on the Elio website. Looks like the engine is done.
http://www.elioowners.com/threads/e...-–-elio-motors-engine-debut-with-photos.5573/