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Steve Rattner, Car Czar Candidate, Is No Lee Iacocca: Auto Analysts

First Posted: 02/14/09 05:12 AM ET Updated: 05/25/11 02:00 PM ET

Rattner Iacocca

Bloomberg:

Jan. 14 (Bloomberg) -- Steven Rattner, who may become the U.S. car czar, would bring with him the financial savvy amassed during almost 25 years of deal-making.

What he wouldn't bring is experience running an industrial company or building automobiles, and that bothers some analysts of Detroit's woes.

"What the industry needs is a combination of two kinds of people: Lee Iacocca and Jack Welch," said Gerald Meyers, a business professor at the University of Michigan in Ann Arbor and former chief executive of American Motors Corp. "This guy doesn't seem to be either, so I'm worried."

Read the whole story: Bloomberg

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Filed by Danny Shea  |