Looks fun, for an oversized go cart. lol.
Found this passage about it:
To reverse you would have to get out and turn the car yourself with a chrome handle on the rear. Its lightweight fibreglass body made it light enough for this to be an easy task.
http://www.bbc.co.uk/isleofman/content/articles/2007/11/01/peel_p50_feature.shtml