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GM product chief Bob Lutz to retire

GM boss Bob Lutz Retires By Ben Whitworth Motor Industry 09 February 2009 17:41 GM boss Bob Lutz will retire at the end of the year. The vice chairman of global product development – who has been at the centre of the automotive industry for the last 46 years – will be replaced by Tom Stephens, GM’s current veepee for global powertrain and global quality. Lutz, 76, will continue to report to GM boss Rick Wagoner throughout 2009 in his new role as GM vice chairman and senior advisor, before bowing out at the end of December.

Rolls-Royce teases Wraith before Geneva motor show

Rolls-Royce has revealed the first actual photo of the upcoming Wraith coupe, which will debut at the Geneva motor show in March. The first teaser image was just smoke in the shape of the Spirit of Ecstasy hood ornament, but this photo shows the actual shape of the car. Last week we reported that the big coupe will most likely carry a 6.0-liter V12 engine that should create about 600 hp, and that the car will be about 7 inches shorter than the four-door Ghost.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.