As General Motors was stumbling toward insolvency earlier this year and it became clear that the presidential task force was going to require some heads to roll, Bob Lutz announced his retirement at the end of this year. Now that the "New" General Motors has emerged from bankruptcy, it appears Lutz wants to keep his commitment to drive the first production Chevy Volt off the line in 2010.

The first stage of Lutz's retirement involved relinquishing his duties as product development chief last April to Tom Stephens. Lutz was to remain as a special advisor for the rest of this year, however, the Detroit Bureau is reporting Lutz will stick around for an indeterminate amount of time to advise CEO Fritz Henderson. Henderson's background is on the finance side of the business, so perhaps GM wants someone else on the inside advising on future product. This will be particularly important over the next several years as GM pares down its model and brand lineup to determine what to keep and what to toss.

[Source: The Detroit Bureau]