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We all knew that when Bob Lutz finally stepped away from General Motors he wasn't ging to fade away into the sunset. Just days after his going away party at the Renaissance Center, Transonic Combustion Inc, has added Lutz to its board of directors.

Bob Lutz is now officially into the swing of being retired. The former General Motors Vice Chairman has been living the life of leisure since the end of April, but the company he helped steer through Chapter 11 took some time to honor the living automotive legend in a number of receptions held yesterday. Lutz took the occasion to hand out a little wisdom to his fellow workers by telling them not to be afraid to be an irritant or point out deficiencies in the company, saying the philosophy worked

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When Bob "crock of s*!t" Lutz first announced his retirement from General Motors a little over a year ago, he said he would not be around to see development of the Chevrolet Volt. Of course, he returned to the company before he ever really left (becoming vice chairman last December) and kept on strongly promoting the plug-in hybrid. Sometimes, of course, he continued his habit of saying things that attract a lot of attention, like that hybrids won't ever be that great for GM.

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.

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.

Bob Lutz has published a post on General Motors' Fast Lane blog in the wake of this morning's announcement that he will step down as Vice Chairman – Global Product Development on April 1. Lutz will be replaced by Tom Stephens and spend the remainder of the year facilitating that transition and acting as senior advisor to CEO Rick Wagoner. When the sun sets on 2009, however, Lutz will be off the payroll and probably get a pension check just like every other GM retiree.

Automotive journalists the world over are saddened and General Motors communications staff are breathing a sigh of relief today: Bob Lutz is retiring. For journalists, the loss of perhaps the most quotable executive since Hank the Duece means they will have to dig a little harder for stories. For the PR staff, it means a little less scrambling to spin the story whenever Lutz goes off script. Lutz has been Vice Chairman for Global Product Development at GM since 2001. Over his 45-year automotive

Shucks, things are bound to be a heck of a lot less interesting without Bob Lutz around. According to General Motors, the automaker's own Car Czar will transition from his current role as Vice Chairman – Global Product Development to the position of Vice Chairman and Senior Advisor on April 1 and officially retire at the end of the year. The automotive world is sure to be a quieter place.

"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."