Report: GM trying to re-hire Bob Lutz
The push to rehire Lutz reportedly comes from GM CEO Dan Akerson's initiative to rush development and reduce cost of its new crop of vehicles. The United States government, which currently owns one-third of GM, has apparently opposed Lutz's re-appointment, with The Daily Beast saying that the U.S. Treasury is reluctant to re-hire Lutz on the grounds that paying him so close to his retirement could look like a "sweetheart payout."
GM recently promoted Mary Barra, 49, to senior vice president in charge of global product development, even though she has very little experience in the field. By bringing Lutz back, GM hopes to regain an intelligent eye into strategies for quick product development, as well as marketing and design. Thanks for the tip, Phrime!
[Source: The Daily Beast]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models