TRAVERSE CITY, MI – Bob Lutz, vice chairman of General Motors Corp.’s North America operations and head of Worldwide Product Development, has been in the auto industry for 40 years and has pretty much seen and done everything. His advice for everyone trying to cope with today’s scary marketplace: Don’t panic and be ready for the recovery when it comes. He points to headlines from 20 and 30 years ago that predicted Detroit was on the road to ruin. “Once you’ve seen the movie three ...

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