• Dec 14th 2006 at 1:28PM
  • 19
"This is all complete and utter B.S. 100 percent fiction from A to Z," said GM's vice chairman of product development told The Detroit News. "I'm not going anywhere."
It seems GM's Board of Directors altered Lutz's contract earlier this month to boost his retirement benefits to $3.4 million, which was enough to set off a flurry of Motor City rumors about GM planning Lutz's retirement. "There was no such meeting, no such topic, no such plan, no management shakeup, no anything," Lutz told the Detroit paper. "I wonder who dreams up these scenarios."

Knowing Lutz's reputation for blunt honesty, we're surprised he hasn't already addressed the rumors on his FastLane Blog, or tracked down the rumormongers himself. We have great admiration for Bob Lutz and his management style. The man's got guts, and he's been able to achieve a lot at GM the last few years . We hope he stays on for quite a while longer because there's undeniably a lot more work left to do. So quit wasting time with rumors and get busy, Bob.

[Source: The Detroit News]

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    • 1 Second Ago
      • 8 Years Ago
      #5 Can you please spell his name correct
      Its Lutz not Luts
      • 8 Years Ago
      For those that discount what Lutz has done for GM you obviously have no idea how the automotive industry works.

      The G6 was done before Lutz had much of a say. The LaCrosse, Lucerne, "CUV's" all done before he came on board.

      The Solstice was already in the pipe line when Lutz showed up, he just did the legwork that needed to be done to get the car to market as fast as they did.

      The current CTS is the only credit the Zarella era can make a claim to, everything else was a complete disaster.

      I could go on and on, but you can't convince somebody with words, just with proven results. Give it one years time, lets revisit this same blog, with these same comments from those up above mine and see what they have to say then. Heck, I'd be willing to bet they just may find themselves behind the wheel of a new GM offering.
      • 8 Years Ago
      Fix the corvette. Make the automatic the fast one, return the axle ratio to 2.73 from 2.56.
      Let the stick be the 'economy' version.
      • 8 Years Ago
      Lutz Can't Retire, GM needs him!

      If he left, such strokes of Genius as the Buick Lacrosse and the Buick Lucerne would never be made...

      Lutz.. Defender of the Lamest of the Lame...
      • 8 Years Ago
      Warren, i don't know if you follow the news but GM has been losing money for years now.
      • 8 Years Ago
      If he left, such strokes of Genius as the Buick Lacrosse and the Buick Lucerne would never be made...

      Neither would the Solstice, Sun, Camaro, CTS, C6 or Z06, STS, SLS, Enclave, Outlook, Arcadia, 900 series trucks, Lucerne or anything in the current product line by Holden, Opel, and Vauxhall.

      Under Mr. Lutz's stewardship, General Motors' dealers in the United States sold 368,776 new cars and trucks in August.

      General Motors dealers in the United States sold 301,317 new cars and trucks in October, a 22 percent increase compared with last year. GMC, Chevrolet, Buick, Saturn, Pontiac, and Saab all had retail sales increases in October.

      General Motors dealers in the United States sold 297,556 new cars and trucks in November, a 6 percent increase compared with last year.

      When the new CTS hits the streets, MAYHEM.
      • 8 Years Ago
      Oh what would GM do without him... Maybe make a car that sells well, or how about hire some one from outside the company? This is the guy that made the wonderful seller the GTO, and the G6. Great an updated firebird and grandam. Wow how original! This company is a classic case of corperate group think because all they can see is inside GM not the whole automotive world. Wake up and make better cars!!!
      • 8 Years Ago
      Lutz is just too old, along with the rest of GM. I'm not saying that these cars are improvements over GM's old offerings, but they are not on the level of the foriegn manufactures. Why do they need that many brands? Half the cars #4 named are the same platform or imported from other manufactures. He has done alot for GM, but just a lot wont cut it. They need a true revolution in there car designs. They need to concentrate on Chevy, Cadilac, and maybe one other brand and dump the rest. They need cars that appeal to younger generations that are affordable. The cars #4 listed with maybe the extecption of the opel imports(haven't heard pricing) are all way to expensive. Dont get me wrong Lutz has help GM but they need some fresh ideas and a major product updates quickly and update all their products continuosly. Not let some hang for years and become out of date. Just look at how quickly Honda, Toyota, and Nissan update their vehicals.
      • 8 Years Ago
      #5 "If the guy is such genius how come GM can not move its product. How come GM can not sell cars for profit?"

      3,730,840 Vehicles sold through end of November. Hmm not moving product?

      2006 293,558 2005 276,777 6.1% increase in light vehicles sales with virtually no rebates and after last years "Employee" sales.

      Adjusted net income of $529 million, or $0.93 per share diluted

      Record third-quarter revenue of $48.8 billion

      Upper end of estimated Delphi exposure reduced by $4.5 billion

      GM reported 2006 third-quarter adjusted net income, excluding special items, of $529 million, or $0.93 per share diluted, on revenue of $48.8 billion. These results represent a $1.6 billion improvement from the year-ago loss of $1.1 billion. GM's global automotive operations almost fully accounted for the improvement, while lower GMAC results were more than offset by benefits associated with certain tax matters.

      Actually GM does make a profit on each car, it's the structured and legacy costs that contribute to the loss. Then what happens is the costs are then spread across the units produced giving you a "loss" per car sold. If you reduce operating and/or legacy costs, you'd show a profit per car.

      Keep this in perspective also, GM makes and sells about the same number of vehicles in NA that it did in it's heyday with close to a 50% of market (the market then was much smaller as a total number of new). That was with really two other makers that counted back then. When we talk about market share look at the number of makers selling here now. Folks tend to look at a simple answer.

      Lutz is not the greatest, but he is far from the worst.

      As to those "failures" in November Sales the following were up Buick 11.6% Caillac 20.3% Chevrolet 3.0% Saturn 23.8% GMC 30.1%

      • 8 Years Ago
      Maximum Bob can neva die! .....errr retire.
      • 8 Years Ago
      If the guy is such genius how come GM can not move its product. How come GM can not sell cars for profit? How come this guy desided to do Camaro only after seeing Mustang making a comeback? This guy is behind all these big SUVs that do not sell.

      By the way read about Luts on THE TRUTH ABOUT CARS, the wrote especialy about him today.


      By the way, when everyone says GM has Legacy costs, will you add Luts 3.4 million retirement to that cost or only the retirement plan of regular Joe count?
      • 8 Years Ago
      #9 "Under him Hundai entered the family sedan market which Chevy still can not master."

      Hyundai is on target at current rate of travel for 566,460 vehicles in the US, that's all models. Chevy is on target at current rate of travel for 2,386,059

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