Post by Aurora40 on Mar 28, 2005 10:58:31 GMT -6
Lutz Shoots the Messenger
Times are tough at General Motors, but while the automaker had to shell out $2 billion to pay off former partner, Fiat, cancel product and platform programs, idle plants, increase project losses 50-fold and boost incentives to record levels, vice chairman Bob Lutz knows where to point the finger. The former Marine and one-time Chrysler president has been increasingly vocal in his criticism of what he deems unfair media coverage. He told a scrum of reporters that they are promoting "the myth of foreign supremacy" at the expense of domestic brands, unfairly suggesting that GM is in trouble. While Lutz didn't deny that the automaker has some challenges ahead, he insisted they were far less serious than the import-biased press believes. "This is the third or fourth time I've seen this movie, and it gets less scary each time."
Times are tough at General Motors, but while the automaker had to shell out $2 billion to pay off former partner, Fiat, cancel product and platform programs, idle plants, increase project losses 50-fold and boost incentives to record levels, vice chairman Bob Lutz knows where to point the finger. The former Marine and one-time Chrysler president has been increasingly vocal in his criticism of what he deems unfair media coverage. He told a scrum of reporters that they are promoting "the myth of foreign supremacy" at the expense of domestic brands, unfairly suggesting that GM is in trouble. While Lutz didn't deny that the automaker has some challenges ahead, he insisted they were far less serious than the import-biased press believes. "This is the third or fourth time I've seen this movie, and it gets less scary each time."
From: www.thecarconnection.com/index.asp?article=8331
