White House spokesman Dan Pfeiffer apologized to WaPo and Fox News commentator Charles Krauthammer for having “overshot the runway.” Pfeifer had accused Krauthammer of falsely claiming that a bust of former British Prime Minister Winston Churchill had been removed from the White House and sent back to the British Embassy. In a blog post on the White House Blog (yes, the White House blogs too) Pfeiffer produced a smoking gun: A Churchill bust that was still at the White House. The trouble was there had been two busts. Now there is only one. (See, and I would have sworn Bill Clinton took all available busts when he vacated the White House.)
Since the early days of the Volt, the folks at GM loved to compare the car to putting a man on the moon. That analogy wasn’t without its problems. The moon program did cost more than three times its original budget of $7 billion, all it produced was a few rocks, and it ran out of money before it could get going in earnest. 40 years after Eugene Cernan and Apollo 17, the moon has remained untouched by human feet. But what the heck, GM loves the symbolism. To death. (Read More…)
An earlier report, stating that Bob Lutz would be returning to GM as a consultant was true… but so was the news that Treasury opposed GM’s plans to pay its longtime executive, who retired a little over a year ago. Speaking to the press at the New York Auto Show, Maximum Bob confirms that he is on the board of Lotus, and revealed that he is doing “pro-bono” work as a consultant for GM’s new product development boss, Mary Barra. According to Automotive News [sub], the prospect of Lutz returning as a GM consultant (ala Fritz Henderson) caused such a stir at Treasury, that he decided to work informally at GM, without pay. Given that Lutz’s heavily-hyped products have yet to return GM to steady retail market share growth, perhaps GM is finally paying him what he’s worth?
As General Motors Co. gets closer to emerging from government oversight, the automaker is trying to hire Bob Lutz, its former chief of vehicle development, as a consultant…
The U.S. Treasury has opposed Lutz’s appointment on the grounds that, since he left the company last May, paying him so close to his retirement could look like a sweetheart payout. The government could soften its opposition in three months, once a year has passed since Lutz’s retirement.
Could it be true? Could the man credited with all of GM’s success and none of its failures really be coming back for more? More to the point, as a consultant? Bob’s current gigs are advising an electric scooter company and the Lotus “revival”… does GM really want to put itself in that company? Oh, who are we kidding? We want Lutz back. The industry just seems so damn boring without him…
As many of you have probably figured out by now, I’m a firm atheist. You die, you become worm food, and your relatives divide up your estate. Life goes on. However, when I was learning religious education at school, I was told about the many different Gods on offer. We have God, Allah, Buddha (not really a god, but you get the gist), Zeus, Apollo, Thor and loads of others. But at no point did my teacher mention a Japanese car company. Bob Lutz just did. (Read More…)
Everyone in every business everywhere thinks they are at least somewhat underpaid, and for most, there’s a certain amount of truth to the sentiment. But then, most Americans don’t have jobs that allow them to destroy billions of dollars in value over the course of their careers. Nor does the Detroit News give most of us a forum to whine about our perceived underpayment. Having helped lead GM into bankruptcy and bailout (with thousands of Americans losing their jobs along the way), Bob Lutz still isn’t happy about executive pay limits at GM, and he clearly has no compunction about airing his grievances to the DetN.
What you see is what you get, and it ain’t a lot. All I know is, right now, we are given our responsibility, and given the rigors of the job and demands and the accountability, I would say we are being paid way, way, way below market. Right now, that isn’t a problem, but over time, clearly a company that undercompensates senior executives is going to have a retention or recruiting problem
I love EVs and am pretty fond of They Might be Giants, but that was the one of the most annoying songs accompanied by the one of the stupidest music videos ever. It belongs as the theme song/video for the Volt.
And guess what? If Bob “Chrome” Lutz had his way, it could have been.
Courtesy of GM-Volt.com, here’s GM’s first post-bankruptcy Volt jingle! And arguably a slight improvement over last May’s jingle. But if you think Big Ed Whitacre will stop all the song-and-dance frivolity, think again. “He will not try to run the programs,” Bob Lutz sneers at GM-Volt. “He knows almost nothing about the business. Nobody will diminish our focus on electrification.” As long as Whitacre kills the Volt-related musical development program, we’ll be happy.
When GM’s Fritz Henderson called Magna chief Siegfried Wolf and told him that GM had an irreversible case of seller’s remorse, Wolf’s flabbergasted counter was: “Are you joking?” Fritz told him he’s dead serious. Opel will stay with GM. Now, all Wolf has left for GM is unsolicited advice: Give more freedom to Opel and tread carefully with the brand and the unions. “GM must now smooth things out and win back trust. That requires a lot of sensitivity and tact,” Wolf told the German newspaper Bild am Sonntag (via Reuters).
It doesn’t look like GM will be heeding the advice. New Opel Chairman Bob Lutz and new GM-E chief Nick Reilly are known for the sensitivity and tact of a Sherman tank. Supposedly, both are here on a temporary basis only until new outside managers are found. It could be a long search, if it is a real one at all.
On Monday, Fitz Henderson will come to Germany and try to smooth over things with the workers, Opel’s worker’s council chief Klaus Franz told German media. It will be a tough talk. (Read More…)
Stress and nervous tension are now serious social problems in all parts of the Galaxy, and it is in order that this situation should not in any way be exacerbated that the following facts will now be revealed in advance.