We welcome Bob Lutz back to the auto industry after five months of retirement.
He is trying to revive Exide Corp. The huge battery maker is losing money, its stock has tumbled and its top officers have departed.
Lutz might ask, 'So what else is new?' He's no stranger to ministering to sick companies. Chrysler had a near-death experience during his years there. Lutz deserves a lot of credit for Chrysler's astonishing revival.
Lutz says he is a businessman as well as a car guy. He will have a chance to prove it in his new job. We wish him well.