General Motors Co.'s "Maximum Bob" has apparently reached his vanishing point.
General Motors Vice Chairman Robert A. "Bob" Lutz will retire from the embattled carmaker effective May 1, the executive confirmed yesterday (Wednesday). Lutz had been serving as a senior adviser to Edward E. "Ed" Whitacre Jr., GM's chairman and chief executive officer.
The move comes just one day after GM announced another shake-up in the North American unit that's supposed to be heading the company's overhaul.