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GM’s Lutz: “Pieces in place”

Published Tuesday, May 17, 2005

SALT LAKE CITY. With crippling quarterly losses grabbing the headlines, what’s going on in terms of product development and organizational changes at General Motors has gone largely unnoticed. But Bob Lutz, GM’s vice chairman of product development, says globalization is focused on turning out low-cost yet high-quality vehicles. “Needless to say, 2005 has been and continues to be a challenge,” said Lutz speaking here at a GM Fleet & Commercial media event. “Yes, our [overall] market share is down, and yes, our stock price is down. On top of that, we’re facing tough global competition and escalating health-care ...

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