“I think what I saw at Chrysler is what people felt when Iacocca was there,” LaHood said after a speech to the Detroit Economic Club according to a report by Reuters. “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.”
Sergio Marchionne has very enthusiastic plans when it comes to Chrysler and expects the company to see profit by 2011. Furthermore, the Italian emphasized that the financial results the company posted in September are following the market decline brought by the closure of the Cash for Clunkers scheme.
"September is not an indication of future performance, I’m not apologizing for it, it is the consequence of a number of actions that were taken in the past, all of which have culminated in the month of September – you may see similar numbers in October, I don’t know. Our intention is to improve share from this point on, but I don’t get alarmed," he said.
"The machine is timed, we’re not bleeding as people think we are, the level of cost consciousness at this house is probably at a historical high, the real important issue is to try and build a future. And I would just ask you to wait until November and you can see it. The future is a lot a lot better than the market share in September would indicate."
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