Friday, July 10, 2009

GM to exit bankruptcy - but no move for Lutz

Today at 9am EDT, it is expected that GM will sell all of it's assets
to a new GM erasing a substantial portion of it's debt and setting the
stage for a smaller better capitalized company to go forward. Though
the models will be fewer the business is not substantially different.

In perhaps the most outward sign of this business as usual, Bob Lutz,
former head of Global Product Development, has announced that instead
of retiring, he will re-up as head of Global Product Development.

It is not that I don't respect Maximum Bob, in fact I do, but why he
would not share his skills with one of the more forward thinking
Companies when he had the clear opportunity to break free, is a mystery.

20 comments:

Unknown said...

Lutz is not going, because the only one that can replace him is the CEO of LM....just kidding. I agree with you on the point that new blood needs to come in.

It's interesting that GM is now trying to go around the Dealer Laws and working out something with eBay. Should be interesting to see how this develops. Check out the article on the CS Monitor:
http://www.csmonitor.com/2009/0711/p02s01-usec.html

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