General Motors (GRM) Sees A Challenging Year Ahead

Robert Lutz, Vice President at General Motors (NYSE: GRM), has pegged the demand for GM units between 11 to 12 million during Year 2010. While talking with CNBC’s Phil LeBeau, Robert Lutz sounded cautious when asked about the profitability of GM during year 2010.

He said that the profitability of GM is dependent upon various factors such as the overall economy and the need for incentives. However, he said that General Motors has bottomed out and is going to have a positive Year 2010. He also expressed his faith in Interim CEO Ed Whitaker and called him a capable leader. He also said that General Motors expects the Chevy to make a comeback this year.