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It’s based on the same driving principles as a skateboard. It looks like a phone booth, or perhaps a baby stroller. But despite the unconventional nature of this vehicle, General Motors says a two-seat, two-wheel ride called PUMA could be a solution to loosen congestion in crowded urban areas.

The acronym stands for Personal Urban Mobility and Accessibility, and on Tuesday GM is announcing a partnership with small vehicle company Read more…

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General Motors chairman and CEO Rick Wagoner has agreed to “step aside” after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He’s been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.

In a statement, Wagoner said he agreed to leave after meeting with the Obama administration Read more…

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