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Bob Lutz reportedly to stay on at General Motors

Bob Lutz, General Motors vice chairman and internationally renowned product guru, has reversed his retirement plans and is expected to stay with the remade car company as it charts a new path out of bankruptcy. Multiple media outlets are reporting Lutz, 77, has changed course and will not retire from GM at the end of the year as he had planned. Automotive News, citing anonymous sources, says the veteran industry leader will stay on at the company, possibly in a marketing or communications role--and could have product input.

Jaguar Land Rover U-turn: all three UK plants saved

Jaguar Land Rover today surprised us all by announcing that it wouldn't be closing any of its three UK plants. CEO of Tata Motors Carl-Peter Forster had told CAR as recently as the Paris motor show a few weeks ago that one plant would shut. Instead, today the unions and Jaguar Land Rover hailed a landmark deal to save jobs and all three plants at Castle Bromwich, Solihull and Halewood.

Chrysler posts first net profit since bankruptcy

Chrysler Group--the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years--on Monday reported its first net profit since emerging from bankruptcy in June 2009.