Bob Lutz: General Motors "In Good Hands" After Restructuring, Regrets Death of Pontiac
Outspoken curmudgeon and former GM badass-in-charge Bob Lutz has been popping up from retirement, serving as a consultant to General Motors and Lotus. And his former company’s bankruptcy restructuring left the company “in good hands,” he said.
Speaking at a conference, Lutz said that the outsiders who served as CEO and CFO during the two-year restructuring had “no history of running the auto industry in the U.S. the wrong way.” And, he continued, it included the elimination of the four brands from the mothership: Hummer, Pontiac, Saturn, and Saab.
“It was the environmental anti-Christ,” Lutz admitted about Hummer. Saab was a drain on resources and only appealed to university professors, while Saturn was a sales disappointment. But—as he spoke like a true car guy—Pontiac was the one “I personally regret went away,” said Lutz.
There’s only one solution, Lutz: screaming chickens on all future Loti.
More by Blake Z. Rong