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GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.

Air-powered car edges closer to reality

FANCY a car that runs on thin air? We all would, and Peugeot is almost ready to turn it from science-fiction to science-fact. The firm is ready to actually demonstrate its Hybrid Air technology, where a 208 supermini runs partly on petrol and partly on compressed air, resulting in astonishing fuel economy figures topping 140mpg.

Mini nears big sales record

BMW's Mini brand will reach an all-time sales record this year, BMW sales and marketing chief Ian Robertson said. BMW sold 132,000 Minis in the first half. "If you double the half-year total, you aren't far off results for the year," Robertson told Automotive News Europe.