Bob Lutz Shanks GM's Apologetic Stance

6 Comments

GM (s GMC) sure sounded apologetic in its full-page ad in the trade journal Automotive News, this week, in which the beleaguered auto maker acknowledged its shortcomings and admitted mistakes like not paying attention to a changing market. But that was before GM’s Vice Chairman Bob Lutz gave a video interview with CNBC where Lutz appeared to shift the blame to the overall poor market conditions for the global auto industry.

When the interviewer asked Lutz what he thought of all the fingers being pointed at GM’s CEO Rick Wagoner, Lutz said:

That’s like blaming the mayor of a city that’s been hit by an earthquake. . . . That’s in the category of a sacrificial lamb.

Throughout the interview Lutz said GM’s failings were largely due to the overall collapse of the auto market globally, citing the weak economy and credit crisis, and he insisted that GM matched the productivity and quality of the Japanese automakers. He also said the situation has been severely misrepresented by the media. Well, that’s going to win them a lot of points this week as the details of the bailout are laid out. (Oh, and another thing: He actually argued with the term bailout, saying they are better categorized as “short term loans”).

6 Comments

David Stone

Another socialist!

It is not GM’s job to ‘look out’ for american families. It is to provide products to people who want them.

If you need a job done, you hire someone to do it. If you operate your business well, a by-product is job security for your employees.
If you do not need someone, you do not employ them.

Or do you pay a mechanic every week to check out your car to ‘look out’ for his family?

They are trying to save jobs because the price of firing has been made high by unions which bleed them dry and have encouraged low production per dollar by their members.

Because of such ‘tough decisions’, without a bailout everyone will lose their jobs.

W. Schaefer

I will not argue that GM, like any company, has it’s good points and not so good points. It would be nice, however, if you’d point out GM’s so called inability to make the tough decisions have saved thousands of jobs in America. Would you rather GM just start firing everyone? GM’s slow and deliberate move back to competitiveness, while looking out for American Families, should be commended, not ridiculed.

Joe B.

Bob Lutz thinks that global warming is a crock of sh??. He’s one of the many over paid executives that needs to leave.

Comments are closed.