As far as Bob Lutz is concerned, Chrysler stock is a buying opportunity.
"There is no chance that he will fail," Lutz said.
Lutz, now president and CEO of Exide Technologies, said DaimlerChrysler AG's predominantly German board of directors was not responsible for the outcome of the takeover of Chrysler by Daimler-Benz.
"The last people I would pin the blame on are the folks in Stuttgart," he said. "What happened was not that the Germans took over. What happened was Chrysler lost its way and its investment discipline. In the desire to produce even better cars, it lost sight of the cost."