• Mar 3, 2010
It's the end of an era, folks. There are reports this afternoon all over the internet that General Motors' Vice Chairman, "Maximum" Bob Lutz, will officially retire on May 1. Those keeping track will remember that Lutz initially announced his retirement back in February of 2009, but then later chose to remain with GM, heading the marketing and communications teams.

The 78-year-old Lutz has been credited for rejuvenating GM's product development, and has been the company's most outspoken champion of the all-important Chevy Volt. In recent months, as the pay scales for the company's top 25 executives were being reviewed by the U.S. Treasury Department, Lutz commented to The Detroit News that most executives were "way, way, way" underpaid, so it's possible that this could be a key factor in his decision to leave GM. However, we can only speculate at this moment since neither GM nor Lutz has released an official statement yet. As the ongoing executive shuffle at GM continues to work itself out, we won't be surprised if official word comes in the very near future.

[Sources: The Detroit News, CNBC]


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  • 39 Comments
      • 4 Years Ago
      NOOOOOOOOOOOOOOOOOOO!!!!!!!!!!
      • 4 Years Ago
      Bob is awesome.

      But the "way way underpaid" thing only sticks if your company makes "way way way more cash than it spends." Only executives that don't continuously screw the pooch should get mad cash.

      With Bob gone get ready for tons of weak FWD autostick blandboxes.
      • 4 Years Ago
      GM is paying all the money back on payment plan and should be paid off by next year I beleave.... So get off the soap box !!!!!!!!
      • 4 Years Ago
      Another person who was in the wrong job. Marketing and Communications for him? Really?

      Just like with Nesbitt, this made no sense. He knew about products, not how to market them. Definitely time for some fresh blood.
      • 4 Years Ago
      Something is going down: are the fiscal Q1 numbers going to turn out really horrible or Ford passing GM in car sales is putting additional pressure on the board?
      • 4 Years Ago
      I say good riddance too. The guy talked too much. Part of the old thinking that ran GM to the ground. Others should follow suit.
      • 4 Years Ago
      The Brett Favre of the Auto Industry.
      • 4 Years Ago
      I hope I look that good when I'm 78. I sure don't want to work that lone unless I was in the car business like him.
        • 4 Years Ago
        When I'm 78 and retired in a car business like Lutz, i'l be in a private island somewhere and enjoying life to the fullest.

        Judson
        http://dcincome.com
      • 4 Years Ago
      I don't think he will ever be gone for good, certainly GM will keep his number on speed dial at least. This man loves cars and GM too much to simply be done with it for good. I wish him the best of luck.
      • 4 Years Ago
      and stay retired for GOOD. You relic. GM needs a major youth injection across the board.
        • 4 Years Ago
        Have you seen the new Buicks compared to the ones they're replacing? Or what Caddy has done over the last decade? Do you think the head of product development may have had anything to do with these changes?
      • 4 Years Ago
      That's it?! Last hope for Commodore-based Chevy gone? This is sad sad news...
      • 4 Years Ago
      Any man who kills the Trans Am project in 2002, and then blame the economic downturn, and the Governement for the Trans Am's demise in 2009 needs to be retired. I am so surprised it took this long. Now it is time to return the Trans America...
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