Wednesday, October 14, 2009

Huge vote of confidence for Marchionne

Transportation Secretary Ray LaHood visited all three Detroit automakers yesterday and today and said that Chrysler Group CEO Sergio Marchionne is “the next generation of Lee Iacocca.” I guess he was impressed by what he saw and the attitude and energy of the people behind Marchionne. This is what Chrysler needed. LaHood said “It's a new level of energy and enthusiasm because there's new leadership of people that know what they're doing, of people that have been successful in the automobile manufacturing business.”

I can't wait for the 5 year plan to be unveiled in November.

yy

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