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After a two-day visit with Detroit automakers, Transportation Secretary Ray LaHood said that Chrysler Group LLC’s CEO Sergio Marchionne is “the next-generation of Lee Iacocca.”

“I think what I saw at Chrysler is what people felt when Iacocca was there,” LaHood said during a speech to the Detroit Economic Club. “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 said he had a 40-minute meeting with Marchionne yesterday, reports Automotive News. He said that Marchionne represents ”the next generation of leaders for the American automobile industry.”

- By: Omar Rana

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