Wild-Ass Rumor Of The Day: Lutz Headed Back To GM?

The path to GM's bankruptcy was set long before Lutz joined the company 10 years ago. You can say that Rick Henderson and his team didn't manage the company well, but there were structural and corporate culture issues that long predated Lutz' involvement as head of product.

Buickman- I really am not a union fan. If I were King, I would have stopped, or at least reigned in the union. Too much power to impose unsustainable costs, too little support for maximizing quality and cost results. The system seems to promote mediocrity by eliminating opportunity to earn reward for hard work. This is not to slam the many hard working and dedicated UAW employees who just want to do a good job, like goood employees everywhere. Most have a work ethic as good as any Salary folks. Better than some. I feel a lot better about their agreement to the break through contract of 2007. It is the enabler for current profits. You know I reject the notion that there was a plan to go bankrupt! Delphi was spun off years ago because it was not profitable, the same reason Ford spun off Visteon. Ask Obama's auto task force why they threw Delphi salaried pensioners to the PBGC despite the plan being around 90% funded (according to my Delphi friends and relatives). That was not a GM move. Nor was Delphi management's decision to eliminate salary retirement health care years ago. GM went bankrupt the old fashioned way, they simply lost all the money! That is what happens when costs exceed revenues over a long period of time. Fascinating your claim that it was pre-planned given Wagoner's public resistance to it. I suppose you will say that was an act just to fool us. Bankruptcy means there is no money left. Obligations can not be fulfilled without the money. Now, who are these favored friends?

I wouldn't worry about GMIN. it's a site populated by net nazis, company moles, bored teenagers and perverts. TTAC is where it's at.