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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.

Win one of four Binatone sat-navs

By Ben Pulman Competitions 12 May 2008 13:51 Fancy a sat-nav to stop you getting lost as you tour the UK, Ireland or even Europe this summer? CAR Online has teamed up with Binatone to offer you the chance to win a new portable sat-nav system.Click here to enter our competitionWe’ve got four sat-navs to give away. First prize is an X430 with European mapping coverage worth £149.99 while three runners-up will each receive an X350 with UK/Ireland coverage worth £79.99.As standard both models feature full UK seven digit postcode search, UK safety camera positions, male or female voice guidance, thousands of POIs, plus 2D and 3D mapping.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.