GM to Emerge from Restructuring ‘Lean and Successful,’ Wagoner Says

DETROIT – Rumors of General Motors Corp.’s impending bankruptcy have been greatly exaggerated, Vice Chairman Bob Lutz says.

Bristling at doubt expressed by industry observers in the weeks leading up today’s restructuring announcement at GM, the outspoken product guru addresses reporters.

“You’d think at some point analysts would learn that car companies don’t die that fast, ...