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:

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