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Thursday, February 19, 2009

Atlas Shrugged Episode #34550

From this week's Business Week:
General Motors (GM) suffered its first casualty from the looming presence of more government mandates. Robert A. "Bob" Lutz, vice-chairman and legendary product chief, said he will retire at the end of the year, when he is 77. The thought of designing new cars to meet Washington's fuel economy rules—as opposed to consumer tastes—drove him to the exit ramp. He'll have lots of company there: On Feb. 10, GM also said it'll pare 10,000 white-collar employees worldwide to save cash.

Some might castigate GM for "not making cars people want," but I think that is a bit disingenuous. General Motors has lots of problems, no doubt, but there are plenty of die-hard GM drivers and the GM lineup is of much greater quality than it was twenty years ago.

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