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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.

Peugeot 90X breaks cover

Once a well kept secret in Peugeots Sport factory in Vélizy, near Paris, Peugeots new 2011, codenamed 90X, has been out and about for its first test at the Monza track. While the 90X complies with the new ACO's 2011 regulations, it still requires some considerable amount of work to be done to be ready for 2011. A curvier windscreen and slight change to the nose but the biggest changes are the new fin leading from the cockpit to the rear spoiler, aimed to offer more down force and avoid flipping in the case of a high speed crash.

Fiat taking 35% stake in Chrysler

Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.