The Globe and Mail has posted an interesting story on the Segway.
By the end of last September, only 6,000 units had been sold. The company hasn’t released sales figures since then, but it’s clearly having a tough time. The Wall Street Journal this week reported that Segway LLC has been forced to mortgage its factory, shake up its executive team and raise an additional $31-million through a secondary offering of shares.
Read the whole story at Globe Technology.