Bob Lutz retires at 75

GMI obtained information just hours ago that Bob Lutz, the pioneering Chairman of GM of North America, announced he will retire. An official press release, which was not released as of now, stated that Lutz needed to spend time with his family. In his place, Peter Forster, the head of Opel, is rumored to succeed Lutz's position. It was announced in such a short notice, but Lutz's contributions to GM will be forever kept and may we wish Lutz happy times and happy days. We will update this post when the press release is available for us.

[Source: GMInsideNews]

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Here's what GMI has stated:

Despite prior announcements to the contrary, Bob Lutz has decided to retire. In an official press release, the reasons behind his decision were his hectic schedule and the desire to spend time with his family.

“We’re going to miss Bob, and so will the family he has built here. We could hardly keep up with Mr. Lutz, so truly replacing him will be impossible,” read a GM press release. “Our loss is his family’s gain, but we know that he’s doing the right thing. We appreciate his years of service to GM, and his pioneering contributions to the automotive industry.

In his place, GM will draft a new Chief Product and Design Committee for North American products, represented by automotive stylists, engineers, accountants, adjustors, celebrities, suppliers, dealers, burghers, and notaries. “The Product and Design Committee will leverage our greatest strength, our people, to creating our greatest products ever, our future products. We are seeing the dawn of a vibrant new and synergistic General Motors, ”

When asked how the committee would affect design and performance, GM’s spokesperson responded, “We have an authoritative system of checks, balances, procedure, policy, and referendum to assure that decisions are made in the best interest of everyone. We guarantee that we’ll continue to build on GM’s heritage of building true road cars, classic truck toughness, and world-class SUV’s.”

“People will know GM as a complete cluster of great vehicles.”

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