DOT Secretary compares Marchionne to Iacocca
October 14th, 2009 by Bill Cawthon
Sergio Marchionne is “the next generation of Lee Iacocca,” according to Transportation Secretary Ray LaHood.
Following a speech to the Detroit Economic Club, LaHood said, “I think what I saw at Chrysler is what people felt when Iacocca was there. 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.”
LaHood, who had a 40-minute meeting with Marchionne, said the Chrysler CEO radiated excitement and the same feeling was evident among Chrysler Group employees.
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