LaHood: Marchionne is “the next-generation of Lee Iacocca”

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