- Apr 13, 2006
Lutz says GM bankruptcy "out of the question"
Lutz went on to say that GM's restructuring efforts are "on schedule," and gave a ringing endorsement for CEO Rick Wagoner as "the right man to lead GM and to continue the turnaround."
Peering deeper into his crystal ball, Lutz does not see a Delphi strike in GM's future. He must share that crystal ball with Ford's Mark Fields (see our Wednesday post here), because, like Fields, Lutz also sees a continued decline in U.S. market share for his company. Lutz suggested that GM's market share will stabilize in the low- to mid-20 percent range. (GM's 2005 market share was 26 percent.)