GM's Bob Lutz Decides To Come Out of Retirement

Bob Lutz, GM's New ???




Just like the NFL's Brett Favre, Bob Lutz has decided to come out of retirement. To be fair, he really has not even begun his retirement although his former position as vice chairman of global product development is currently occupied by Tom Stephens.

Lutz announced his retirement when General Motors discovered they had only one option remaining, namely bankruptcy. Now that the "good" GM is going to emerge from Chapter 11 free from all the "bad" assets, Lutz has decided he wants to be part of the new company. Lutz, 77, may extend his GM career as head of marketing and communications, said sources who weren't authorized to speak about the change. He may also play a role in product design.

General Motors has scheduled a press conference for Friday at 9 am to declare their emergence from bankruptcy and this may be when they share the news of Mr. Lutz's rehiring. The Wall Street Journal said Lutz asked to stay on with the new company, led by CEO Fritz Henderson, and his request was granted. In an interview with Automotive News in February, Lutz said he would reconsider his decision to retire if he were asked. What is unclear is whether Lutz was asked to stay or if Lutz himself asked to stay.