Segway of PUMA and GM number 1 in Fortune`s Dumbest Moments - Business 2009

Posted on Saturday, 4 July 2009 , 11:07:07 byEmil

Filed under gmhybridgreenindustrynewsobamapersonalurbanmobilityaccessGMHybrid

Segway of PUMA and GM number 1 in Fortune`s Dumbest Moments - Business 2009

GM - Segway partnership to make the PUMA (Personal Urban Mobility and Accessibility) came no.1 on the Fortune’s list - ‘Dumbest Moments in Business 2009’.

'It became clear this spring that General Motors was going to have to get smaller to survive, but this was ridiculous' affirms Fortune. 'A week after President Obama gave the company a 60 day deadline to avoid bankruptcy, GM took time out from its turnaround efforts to unveil the PUMA, a two-seat vehicle being developed with Segway that looked more like a rickshaw than a car'.

Having its own lithium-ion battery wrap, 2-wheel balancing plus electric dual motors, this P.U.M.A. travels thirty-five miles between the charges with 35 mph maximum speed.