GM's Bob Lutz is retiring at year-end
Jamie LaReau DETROIT -- General Motors product czar and often colorful spokesman, Bob Lutz, will retire at the end of this year.
Lutz, 76, is currently GM's vice chairman of global product development. In a statement on GM's Website, the company said Lutz will become a vice chairman and senior advisor on April 1.
Lutz will provide "strategic input into GM's global design and key product initiatives until his retirement at the end of 2009." Lutz will continue to report to CEO Rick Wagoner.
Tom Stephens will replace Lutz as vice chairman of global product development. Stephens, 60, will report to COO Fritz Henderson. Stephens is presently executive vice president of Global Powertrain and Global Quality. In this new assignment, Stephens will maintain his responsibility for overseeing GM's global quality activity.
"Bob Lutz was already a legendary automotive product guy when he rejoined GM in 2001," Wagoner said in the statement. "He's added to that by leading the creation of a string of award-winning vehicles for GM during his time here. His 46 years of experience in the global automotive business have been invaluable to us."