BUSINESS
02/14/2009 05:12 am ET Updated May 25, 2011

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

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."

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