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Uber Was Being Run As A 'Frat Party,' Former GM Exec Says
Saturday, June 24, 2017 - 9:39am | 457Uber Technologies is a prime example of a Silicon Valley startup that has become too big for the original founders to manage, Bob Lutz, a former General Motors Company (NYSE: GM) vice chairman told CNBC. Uber's co-founder and recently ousted CEO Travis Kalanick did a good job in running Uber...
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Ex-GM Exec: Tesla's Supporters Are Like Members Of A Cult, Treat Musk Like God
Wednesday, October 26, 2016 - 2:26pm | 337Bob Lutz, General Motors Company's (NYSE: GM) former Vice Chairman, was a guest on CNBC to talk about Tesla Motors Inc (NASDAQ: TSLA). Lutz believes Tesla's supporters are akin to "members of a religious cult" in the same way Steve Jobs was "worshiped" by Apple Inc...
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Tesla's Business Model Is 'Upside Down,' Warns Former GM Chairman
Monday, February 8, 2016 - 4:00pm | 390Bob Lutz, former General Motors Company (NYSE: GM) chairman, has a few things to say about the electric car revolution, Tesla Motors Inc (NASDAQ: TSLA) in general and the inevitable bottom of Tesla stock prices. Not only did the former chairman tell CNBC that Tesla's business model is...
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Ford Launches Ride-Sharing Pilot Program, Unveils 'MoDe:Flex' Concept
Wednesday, June 24, 2015 - 2:06pm | 378Ford Motor Company (NYSE: F) has launched a ride-sharing pilot program in six U.S. cities, in addition to one in London that'll allow customers financing their vehicles through Ford Credit to rent those vehicles to other drivers for short durations. The company also unveiled a design concept...
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Former GM Vice Chairman On Tesla: Car Business Is Unprofitable, Infinitesimally Small; Stock Overvalued
Monday, June 8, 2015 - 3:02pm | 401While most analysts and industry experts are applauding Tesla Motors Inc (NASDAQ: TSLA)'s newfound enthusiasm in batteries, some are also questioning why the company is focusing on that when it has a car business to run. Among these criticizers is Bob Lutz, former General Motors Company (NYSE: GM...
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Bob Lutz Thinks Elon Musk is a 'Brilliant Guy' But Doesn't Expect Massive Growth from Electric Cars
Friday, May 31, 2013 - 3:41pm | 602During an interview with CNBC, former General Motors (NYSE: GM) Vice Chairman Bob Lutz spoke about Tesla (NASDAQ: TSLA), its founder and the future of electric cars. With regard to the latter, Lutz said that you need three things to be truly successful in the mainstream market. "You need cars...
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Bob Lutz On Leadership, Auto Sales And Manufacturing
Friday, May 3, 2013 - 12:25pm | 454Robert Lutz, former General Motors (NYSE: GM) vice chairman, appeared on CNBC Friday morning to talk auto sales, manufacturing and to promote his new book Icons and Idiots. Lutz talked about auto sales with good spirits. "The sales numbers look good, but the economy doesn't, and that was before...
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GM - Bob Lutz’s Abrupt Retirement is a Surprise
Wednesday, March 3, 2010 - 3:49pm | 261Just yesterday, GM Vice Chairman Bob Lutz, gave an interview with Bloomberg, and didn’t mention anything about retiring, when asked. So the media were surprised when GM abruptly announced his retirement today. Lutz looked fit and displayed his usual verbal virtuosity. He’s 78. During yesterday’s...
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Lutz Does Not Believe GM Will Become Profitable This Year
Monday, January 11, 2010 - 1:39pm | 122CNBC has quoted Bob Lutz, Vice Chairman of General Motors (NYSE; GM), as saying that the demand for cars in the US may rise to up to 12 million units in the current year, as the economy has bottomed. Lutz, however, refused to comment on the probability of GM becoming profitable in the year. Lutz...