Unique Mobility's Electric Scooter and Lee Iacocca on NBC News
28 July 1997Unique Mobility's Electric Scooter, Ethos 3 EV Commuter Car to Be Featured in Profile of Lee Iacocca's Return From Retirement on NBC Nightly News This Evening
GOLDEN, Colo., July 28 -- Unique Mobility Inc.'s (AMEX: UQM) prototype electric powered motor scooter and its Italian designed Ethos 3 EV commuter car will be featured prominently in a segment on NBC Nightly News with Torn Brokaw this evening. The segment will focus on former Chrysler Chairman Lee Iacocca and his decision to come out of retirement to design and produce light electric vehicles (bikes, scooters and commuter cars). In March Iacocca formed a new company, EV Global Motors (EVG), to pursue opportunities in electric-powered transportation. "I spent 50 years polluting the world," Iacocca told a Denver Post reporter last Wednesday, referring to his high-profile career with the Ford and Chrysler companies. "Now it's time to do something cleaner and better." In June Unique Mobility and EV Global announced a joint venture to design and manufacture an electric bicycle, that would be marketed in the U.S., Europe and Asia. As part of the strategic partnership, EV Global purchased approximately 12% of Unique's outstanding stock, becoming the company's largest shareholder. Unique Mobility, a world leader in compact, high-powered and efficient motors, will provide EV Global with the electric motor, battery and other electronic components. The bicycle will be made by Giant Bicycle of Taiwan, one of the world's largest bike makers. An NBC producer and camera crew followed Iacocca to Denver last week, where he attended his first board meeting as a new director of Golden-based Unique Mobility. As part of the joint venture, Unique Chairman and CEO Ray Geddes will sit on EV Global's board. For 20 years Iacocca and Geddes worked together at Ford Motor company on several sports car projects. Said Geddes: "Our partnership with Lee Iacocca and the exposure we're getting through NBC Nightly News, which reaches tens of millions of Americans, are helping to jump-start interest in light electric transportation." After the board meeting Iacocca test drove a prototype electric scooter that Unique and its Taiwanese partners are gearing up to produce for sale in Asia. Iacocca also was videotaped at the wheel of the stylish Ethos 3 EV commuter car that Unique has developed with Italian car designer Pininfarina. Check local listings for broadcast times of The NBC Nightly News. SOURCE Unique Mobility Inc.