© 2022 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
Available On Air Stations

Lutz: GM should be 'solidly profitable' down road


DETROIT – A top executive for General Motors Co. says the automaker should be "solidly profitable" when demand for new cars and trucks rebounds to normal levels.

GM Vice Chairman Bob Lutz told the Society of Automotive Analysts on Sunday that the company has made strides only months after it restructured through more than $50 billion in federal aid and a government-led bankruptcy.

His prediction follows statements last week by chairman and interim CEO Ed Whitacre Jr. Whitacre said GM could be profitable this year.

Lutz also says GM is at least two years from production of the Cadillac Converj, a luxury version of the Chevrolet Volt hybrid. The Volt is to be released later this year.

Lutz spoke on the eve of the Detroit auto show.

News from WKAR will never be behind a paywall. Ever. We need your help to keep our coverage free for everyone. Please consider supporting the news you rely on with a donation today. You can support our journalism for as little as $5. Every contribution, no matter the size, propels our vital coverage. Thank you.