Gm Vice Chairman Sees No Need For Second Clunkers

09.14.09 | FL News Team

(Detroit, MI) -- It appears the auto industry may believe one "Cash for Clunkers" program is enough.  General Motors Vice Chairman Bob Lutz said today the government program helped automakers but added, "I don't think it's a program you run and run."

Lutz said the consumers who traded in their older vehicles under the initiative were not "normal used car buyers" and said the program did what it intended in getting a lot of polluting, old vehicles off the road.

The automotive veteran had been set to retire by the end of the year, but changed his mind due to the bankruptcy reorganization of GM.  The 77-year-old Lutz said while the government owns more than half of GM, it's allowing the company to act normally and is not interfering in its business.