What's Next for GM's Lutz?
July 09, 2009
General Motors' retiring Vice Chairman Bob Lutz could be back for an encore performance.
Fox Business is reporting that Lutz will return to GM in a new capacity when it emerges from bankruptcy Friday.
Lutz announced earlier this year that he was stepping down from his day-to-day duties as vice chairman of product development, turning that job over to Tom Stephens on April 1. Lutz was to finish out the year in a senior advisor role until his official retirement at year end.
Still, there had been much hand-wringing about GM without Lutz and who would be the champion for the product. Lutz threw out some tantalizing comments to Detroit's Automotive Press Association in May when he said he would "do something else" and "would not be unemployed."
Lutz is said to be staying on at the new GM indefinitely in a new, yet-to-be-announced operating capacity.
Posted by Michelle Krebs at 11:38 AM under GM , In the Media , Personalities , Rumors | Comments (2) | digg this | Seed Newsvine
Here's the latest reading from the tea leaves:
Bob gets on the automotive task force.
While there, he persuades the Motors Liquidation board to sell the Pontiac trademark to Penske Automotive, (whom Bob will praise profusely).
Bob resigns from the automotive task force and gets a cellphone call on his way out to his Solstice from a Roger.
And we all live happily ever after.
Posted by: fulcrumb | July 09, 2009 at 4:44 PM
OK, OK. I never liked tea, anyway
Posted by: fulcrumb | July 10, 2009 at 3:40 PM