Why GM's Scrapping Mr. Goodwrench

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After 38 years, GM is sending its iconic “Mr. Goodwrench” to the junkyard. The automaker plans to discontinue the long-running campaign in February, as part of a de-emphasis on GM as a brand and a greater focus on the “new GM” — meaning its roster of brands that include Chevrolet, Cadillac, Buick and GMC.

Despite the fact that GM is in the midst of a road show with institutional investors to promote its initial public offering this month, there is little appetite at GM for any marketing activity, outside of investor relations.

“It

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