Dumbest Moments in Business 2009...midyear edition

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.