March 2, 2010 / 10:43 AM / in 8 years

AUTOSHOW-UPDATE 1-GM Vice Chairman considers retiring, again

* Lutz says GM headed in right direction

* Cadillac Converj pulled from production slot

* Lutz says good GM’s ‘glacial’ management stability over

(Recasts, adds details, quotes)

By David Bailey

GENEVA, March 2 (Reuters) - General Motors Co [GM.UL] Vice Chairman Bob Lutz said on Tuesday that he is giving retirement “active consideration” and sees the automaker headed in the right direction.

Lutz, 78, is serving as a senior adviser to Chairman and Chief Executive Ed Whitacre at GM after putting off an earlier retirement plan to lead the automaker’s marketing after it emerged from bankruptcy in July 2009.

“The reason I am giving it active consideration this time is because I honestly feel I can look back with satisfaction and say the team I was privileged to lead in product development has actually achieved more than what I would have hoped for,” Lutz said in an interview on the sidelines of the Geneva Motor Show.

Lutz said he had been reluctant to discuss retirement in the past because the job wasn’t finished. He said he had considered retirement last year more out of frustration with the potential for government interference in product plans.

Lutz also confirmed that GM has elected not to go forward with production plans for the Cadillac Converj, a vehicle slated to use the architecture that underpins the Chevrolet Volt that is scheduled to begin production later in 2010.

“As we took a look at our available capital and engineering resources, we decided that therer were things that were more urgent than doing a Cadillac version of the Voltec architecture,” Lutz said.

“We had originally had a time slot for the Converj and that has been put on hold,” Lutz said.

Lutz declined to comment on news reports of another shakeup in GM’s U.S. sales and marketing leadership, but did say that the days of “glacial” management changes at GM were over, and that was “a good thing.”

“Ed Whitacre is not interested in organizational stability, Ed Whitacre is interested in results,” Lutz said. “If it takes a certain amount of upheaval to get the right people in the positions than that is what he is going to do.” (Editing by Hans Peters)

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