GM board must decide whether to build car
By JOSEPH SZCZESNY - The Oakland Press
Press Automotive Editor
The General Motors Corp. Board of Directors will make the final decision on whether to build a new Chevrolet Camaro.
But, the board hasn't decided yet, Robert Lutz, GM vice chairman for product development, said Wednesday. The product development staff must prepare a wide-ranging business case for review by the board, which then must decide whether to move ahead with the investment required for production of the vehicle.
GM Chairman Richard Wagoner, however, has approved the spending required to continue work on the Camaro project, Lutz told reporters after a speech in Detroit.
"This company is headed in the right direction, and it's headed in the right direction under the right leader," Lutz said.