Thursday, May 26, 2011

And now....

Notice Lutz is the same guy from 2006?

Lutz: After restructuring, GM 'in good hands'
Alisa Priddle/ The Detroit News
Dearborn — The new culture of excellence at General Motors Co. today is self-sustaining, said Bob Lutz, the former vice chairman of the automaker who continues to serve as a consultant.
GM has restructured since its bankruptcy two years ago and has seen a series of management changes at the top. But Lutz, who spoke at the Ward's Auto Interiors Conference here today, said having outsiders as chief executive and chief financial officer means management has "no history of running the auto industry in the U.S. the wrong way."
"I think the company is in good hands," said Lutz, who has a book on his GM experience coming out next month.
Previous members of the management team "thought they were working on the right things," Lutz said, but unfortunately, they were not.
But he begrudgingly agreed with the decision to kill four of GM's eight brands as part of the government-ordered restructuring.
The Hummer brand had to go: "It was the environmental anti-Christ."

From The Detroit News:

Ah Memories....

Remember this?

GM exec: We need more new Hummers

September 28 2006: 5:39 PM EDT
Paris (Reuters) -- General Motors Corp.'s Hummer brand needs to double its product lineup by adding two or three more models, the executive charged with GM's product planning told reporters on Wednesday.

"Hummer needs some more products. It needs two or three more products to give it sufficient market coverage," General Motors Vice Chairman Bob Lutz told reporters at the opening of a Hummer dealership in Paris.

Lutz said making a Hummer-branded pickup truck, which would have ample passenger seating, remained an "option."

Earlier this year GM (Charts) faced pressure from activist investor Kirk Kerkorian to consider spinning off Hummer, which began as a high-mobility vehicle produced for the U.S. military.

But GM executives have argued that the brand is central to the automaker's strategy as it moves to cut costs, shore up market share and return to profitability in the U.S. market.

Sales of Hummer were up almost 50 percent in the first eight months of this year. By contrast, GM's overall sales were down 12 percent.

Hummer currently has three models: the H2, H2 SUT and H3. GM announced earlier this year it is stopping production of the original H1 Hummer, which was larger than the full-size H2.

The H2 SUT has short pickup-style truck bed.

The H3, which is built on GM's midsize pickup truck platform, accounts for about three-quarters of the brand's current sales. It is similar in size to a Nissan Pathfinder or Toyota 4Runner and is powered by a 5-cylinder engine.

GM executives have said previously that a smaller vehicle, similar in size to a Jeep Wrangler, is also being considered for the brand.

Hummer, which GM bought in 1999, has acquired both fervent fans like California Gov. Arnold Schwarzenegger and outspoken critics, who see the brand's heavy SUVs as a symbol of American consumer excess and dependence on foreign oil.

Find this article at: