Wednesday, October 31, 2007

"Sooner or later, you're gonna listen to Ralph Nader"

by Tom Bozzo

On the private equity reverse-alchemy watch, yesterday wasn't a good day in the NYT for John Snow's star hire, Chrysler LLC CEO Robert Nardelli.

Micheline Maynard rocks 'im:
Mr. Nardelli... talked about the auto industry in a way that suggested he was still in a home-improvement state of mind.

“I think a vehicle today has to be your most favorite room under your roof,” Mr. Nardelli said. “I really believe that. I mean, it has to bring you gratification, it has to be tranquil. It’s incidental that it gets you from Point A to B, right?”


An automobile also needs “cup holders — some for water and some for...,” Mr. Nardelli said, but he did not finish that thought.

And Nick Bunkley socks 'im:

Apparently referring to a recently approved plan to cut fourth-quarter production by 85,000 vehicles, Mr. Nardelli said, “We made a decision in seven minutes that would have taken Toyota three months.”

Er, maybe Jim Press didn't tell him that production-cutting decisions haven't exactly been weighing on Toyota execs' minds? Way to face reality, anyhow.

(reference; this is not to suggest that Nader isn't a total knee-biter)

Labels: ,

That was a scary headline, the day after Nader announced he is suing the Dems because they (and apparently they alone) made it difficult for him to get on the ballot in 2004.
Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?