BREAKING Report : Bob Lutz to retire from GM at the end of 2009

Let's cut it to the chase, GM's Vice Chairman and head of Global Product Development Bob Lutz has been working hard lately to improve GM. For instance, some of the great cars that were built by GM under Lutz's watch were the 2004 Pontiac GTO, the Pontiac Solstice and Saturn Sky duo and, most recently, the 2008 Pontiac G8 sports sedan.

Infact, GM CEO Rick Wagoner said today that Bob Lutz will take a new role starting April 1, 2009 as Vice Chairman and Senior Advisor.

However, the 76-year old Lutz will stay in the role only until his retirement at the end of 2009. Yes, that does mean that he will leave GM by the end of the year. Moreover, the GM Board of Directors elected Thomas G. Stephens to take Lutz’s role as Vice Chairman of GM for next year.

The one major worry about Lutz leaving is the future of the Chevy Volt. The Volt is one the vehicles that Lutz "leadered" the project since its debut as a concept in 2007. So when he's gone in 2010, the Volt's production line may change somewhat.

We'll surely miss his enthusiasm and passion for GM. Here's what CEO Rick Wagoner had to say about Lutz leaving:

"Bob Lutz was already a legendary automotive product guy when he rejoined GM in 2001 - he’s added to that by leading the creation of a string of award-winning vehicles for GM during his time here. His 46 years of experience in the global automotive business have been invaluable to us. I’ve personally learned a great deal from Bob and have very much enjoyed the time we’ve worked together. I’m looking forward to Bob’s continued contributions to GM for the remainder of 2009 – and I know the impact of his efforts leading GM global product development will continue for years to come.”

Source: [General Motors]