#retirement

There’s more fallout from General Motors’ toxic ignition recall. Another high-level engineer is stepping down from his post.

Sports prototype racer Allan McNish will not return to compete for a fourth Le Mans 24 Hour victory.

After a less-than-glorious return to the sport, seven-time Formula One world champion Michael Schumacher has announced his retirement from the pinnacle of motorsports.

Despite a poor performance, rumors of retirement, and even a call to hang-up his racing gloves by former F1 Champ Niki Lauda, Michael Schumacher will be back competing at the pinnacle of motorsports next year.

“I have always been a big supporter of Michael’s comeback, because I did it, and I know what it’s all about,” said Lauda, to Motor Sport magazine. “I think every sportsman—if he wants to perform as well as Schumacher did in the past—has to be honest with himself. He has kept saying that he needs more time, blah, blah, blah, and he presents himself as the relaxed guy who’s really enjoying it—but inside he’s not relaxed at all, because no top racing driver enjoys being beaten. If he really were as relaxed as he claims to be, then Mercedes should tell him to retire!”

Today, at the 2011 Management Briefing Seminars in Traverse City, Michigan, Chrysler CEO Sergio Marchionne hinted that he may step down from his position in the not-too-distant future. The 59-year old executive said Chrysler’s future plans will be “up to the guy after me, I think — after 2015, hopefully. Maybe a year later. Chrysler will be here after me.”