The consumate Detroit huckster, Lee A. Iacocca, [who brought America the Ford Mustang, Chrysler K-ca.....
The consumate Detroit huckster, Lee A. Iacocca, [who brought America the Ford Mustang, Chrysler K-car and minivan returned to Detroit on February 10 and annouced plans to sell] 50,000 electrically powered bicycles a year starting late this summer. Iacocca, now chairman of EV Global Motors Co., [also unveiled an alliance with Energy Conversion Devices Inc., a battery company headed by former General Motors Chairman Robert Stemple. In addition to bicycles, EV Global wants to produce a variety of Light Electric Transportation Systems (LETS.), including tandems, pedicabs, scooters and maybe small four-wheel neighbourhood vehicles].