GM desperate
GM are $46 BILLION in debt even before the latest bailout. Obama has said they need to be made bankrupt and restructure or sold off rather than keep pumping money into them when they have no future.
In response they have restarted subprime loans via their GMAC subsidiary, what does it matter now, they have nothing to lose. If they sell a few cars they can pretend to have a future and maybe damage Obama politically when he closes them down. Doesn't matter if they don't get paid later, because if they fail to look viable, they have no future.
http://news.yahoo.com/s/nm/20090401/bs_nm/us_gmac
Now we have this, this is clearly the Segway vehicle. I'm guessing GM threw a few million from the MULTI BILLION DOLLARS THEY WERE HANDED BY THE TAXPAYER, at Segway to get a bit of Kudos.
But it's all designed to make it politically difficult to close GM down, even though it's never going to be able to ever pay it's debts.
The taxpayer money should go to Segway if they want to make this vehicle, not to GM which in turn skims 99.99999% off the top and hands a little to Segway.