General Motors' Bob Lutz, a strong advocate for the company's Chevy Volt, plans to retire by the end of the year.
Lutz is leaving during a year when GM will have to fight hard for its survival. The automaker has said that it still plans to launch the Volt, a plug-in hybrid-electric car, in 2010 despite its financial woes.
Lutz, who has been the vice chairman for global product development, will become a senior advisor starting on April 1, the company said Monday. Thomas G. Stephens, GM’s current executive vice president for powertrain and quality, will take over Lutz’s job.
Lutz has been a big supporter of the Volt, which GM is banking on to set itself apart from other...