Lutz on the MountDavid Welch
Call General Motors car czar Bob Lutz skeptical about the likelihood that Robert Nardelli, the Former General Electric and Home Depot executive tapped as Chrysler’s new CEO, can get the carmaker humming again. Nardelli has a mixed track record. He did wonders for two major business units at GE. He also doubled revenue and boosted profits at Home Depot before leaving the company with customer service issues and a stagnant stock price. When asked about Nardelli while showing off the new Chevrolet HHR SS in Detroit yesterday, Lutz said, “The naïve belief on Wall Street that we’re a bunch of dunderheads and if you just get some GE guy to come in with fresh eyes, he will make the tough calls and turn it around … we’ll see.”
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