"Loremo" is derived from "low resistance mobile," and will be offered in two models, the LS and GT. The LS is powered by a 20 hp, 2-cylinder turbodiesel, while the GT gets a 50 hp, 3-cylinder unit. Both are 2 n 2, mid-engine/RWD configurations with a 5-speed gearbox. The GT will go from 0-62 mph in 9 seconds, but the real strength of the Loremo is fuel efficiency - the GT consumes only 2.7 liters per 100 km, while the LS needs only 1.5 liters/100 km. According to my calculator, the LS will go over 150 miles on a gallon of diesel!

Loremo weighs only 990 lb, with a Cd of 0.2. The LS will be priced at about $13,100, while the GT will sell for less than $18,000. The company calculates the all-in operating costs (depreciation, maintenance, insurance, fuel) of the LS model over six years to be a parsimonious 23 cents per mile. Unfortunately, the Loremo isn't scheduled for production until 2009.