GM May Hire Former Chrysler Official Lutz
Bloomberg News
General Motors Corp. is negotiating to hire former Chrysler Corp. Vice Chairman Robert Lutz as a senior executive to help improve its vehicles and reverse sliding market share, people familiar with the talks said. Lutz, 69, chairman and chief executive of battery maker Exide Technologies, may have the power to approve or veto vehicle programs, the people said. Lutz resigned as Exide CEO Wednesday, effective Sept. 1, but will remain chairman.
The GM appointment may be announced next week, one of the people familiar with the talks said. Spokesman Steve Harris of GM declined to comment.
Lutz retired from Chrysler Corp. as the company was being acquired by Daimler-Benz AG in November 1998.
