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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.

German Grand Prix (2013) RESULT

The 2013 German Grand Prix (pictured) The expectation for the 2013 German Grand Prix is that even if Vettel can’t win his home Grand Prix for the first time, there should at least be a ‘German’ win with Hamilton in the Mercedes on pole. But Hamilton made a poor start and it wasn’t just Vettel who got past, but Webber too to make it a one-two away from the line for Red Bull. But at Webber’s first pit stop a wheel came off as he pulled away, hitting a cameraman, and by the time he got his wheel joined to the car again he was a lap down.

Smart car inventor Nicolas Hayek dies

Nicolas Hayek, the engineer and industrialist who founded the Swiss watch company Swatch and brought the world the Smart car, died on June 28 of heart failure at his office in Switzerland. He was 82. Hayek saved the Swiss watch industry from lower-priced Asian competition in the early 1980s by offering colorful, inexpensive Swatch timepieces that he backed with equally colorful marketing.