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Dumbest Moments in Business 2009...Midyear Edition
Fortune via Yahoo ^ | July 2, 2009 | Fortune Staff

Posted on 07/02/2009 10:18:42 AM PDT by Islander7

1. GM Partners With Segway

It became clear this spring that General Motors was going to have to get smaller to survive, but this was ridiculous. 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.

The vehicle, capable of going only 35 mph and traveling 35 miles between charges, got lots of attention, but did little to change popular opinion about the company that had ridden large SUVs to the cusp of failure. On June 1, GM filed for bankruptcy.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: gm; humor; marxist; obama; socialism
I can hardly wait for a red one!
1 posted on 07/02/2009 10:18:43 AM PDT by Islander7
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To: Islander7

Number 10 should be number 1!.....


2 posted on 07/02/2009 10:21:42 AM PDT by AngelesCrestHighway
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To: Islander7

The PUMA. The only GM product not rated for crash survival with a 10 speed bike, or Rosie O’Donnell at full trot to the Dunkin Doughnuts.


3 posted on 07/02/2009 10:23:07 AM PDT by Made In The USA (BO stinks.)
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To: Made In The USA

Or against a Power Wheels.


4 posted on 07/02/2009 10:32:21 AM PDT by wastedyears (The Tree is thirsty and the hogs are hungry.)
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