Word: lutz
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...Chrysler much chance at all. A career GM man, he had spent his recent years in Europe, well away from the turmoil and strife that had gripped his industry's hometown. He was something of a shotgun compromise in Chrysler's boardroom showdown between Iacocca and president Bob Lutz, and in the view of some skeptics, mainly lucked out in grabbing the prize after all the hard work had been done. Eaton arrived alone, brought in none of his deputies (not even his secretary) and fired no one. In Chrysler's recent history, it was a sure sign of either...
Eaton could have easily become the short-term resident that many expected, including those young tigers who had devoted themselves to Lutz's leadership. Eaton stayed, and not incidentally, so did Lutz, becoming a team that has healed the rift and continued to build on the company's momentum. Eaton turned out to be a morale-building coach among a number of individual stars. "I don't believe in one-man shows," says Eaton. "But my style is very, very persistent in pushing for things I think are right. I was surprised at how far along everyone was toward working...
Chrysler president Bob Lutz says competition among the Big Three is no longer aimed solely at creating distress or celebrating the misfortunes of their rivals. "Many of us are at the point where we celebrate each other's successes. We were pleased to see Cadillac's Seville come out as an American luxury car that can hold its own against the best of the imports. Many of us were pleased with Saturn. I know Detroit executives were pleased when we brought out the Viper ((high-powered sports car)). It was, goddam, that's great...
...before replacing their autos now find they can't wait anymore. A record 71% of 10-year-old cars are still chugging along U.S. roads and highways, up from 59% a decade ago. "The bottom-of-the-food-chain cars and trucks are wearing out," says Chrysler president Robert Lutz. "The market is being driven by replacement demand more than by the growth of new buyers." William Pochiluk, president of Autofacts, an automotive-consulting firm, sums it up: "The car's old, it's become a turkey, interest rates are low, it's just time...
...crow about their turnaround and invites them to downplay prospects as they head into labor ! talks. But some jubilant carmakers can't help themselves. "As the quality gap ceases to become a factor, what has emerged is a showdown over who is offering the better value," observes Chrysler president Lutz. "The war isn't over, but we've definitely landed on the beaches...