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Lutz also predicted that most vehicles in the U.S. will be powered by four-cylinder engines in five to 10 years (http://www.chicagotribune.com/news/chi-ap-gm-profit,0,2146424.story)

http://www.cleanmpg.com/photos/data/501/GM_Logo1.jpgTom Krishner - Aug 29, 2008

This could be the last month GM outsells Toyota. Last fall GM had $30B of cash...it's under $24B now and could be $14B at the end of 2009 (source: Business Week (http://www.thetruthaboutcars.com/business-week-gms-burning-cash-like-rubber/)) -- Ed.

Joliet, Illinois - A lot of things have to fall into place, but if all goes according to plan, top executives of General Motors Corp. are hoping the automaker will start making money again in 2010, Vice Chairman Bob Lutz said Thursday.

Lutz, however, would not make a firm prediction on a return to profitability.

"At this point the future is so cloudy in terms of the development of the market, when it's going to pick up again," he said while speaking to reporters at an event in Joliet to showing off the company's 2009 model lineup.… http://www.chicagotribune.com/news/chi-ap-gm-profit,0,2146424.story

GM's dismal executive management is what has put them where they are now and I do not think they will get out of it until they get rid of the executives who have been making tragically wrong decisions for years.

Maybe he meant to say electricty.

The first step towards profitability would be to can Lutz. Luddite Lutz is hardly a beacon in the darkness.

Harry