And now Chrysler has been sucked up by a global conglomerate. **** Robert Eaton and Bob Lutz!
Lutz and Eaton both had worked in Europe for many years and obviously had friends who were in Daimler, back then. As working associates and such.
Lido's time at Ford (start to finish) was chronicled in his autobiography of the early 1980s. Quite interesting and a seldom-seen account of executive life in the car companies, back then. Which followed deLorean's similar book of a year earlier (circa 1981). In the Iacocca book, it mentioned that he discovered a few ex-Ford guys at Chrysler were already working on a fwd minivan when he got there.
There was a second Iacocca book which got far less fanfare, writen pre-Daimler. At that time, there were rumblings that Iacocca wanted to run Chrysler again. The book mentioons that he was seeking the backing of Mr. Kerkorian (the largest stockholder and alleged good friend) to do that. According to the book, Bob Eaton got wind of a cocktail party in Las Vegas to gain support for Iacocca's return to Chrysler, so Eaton flew to Vegas.
Then, if you follow the timeline from that day until the later announcement of the alleged "Merger of Equals", it all kind of fits together. Eaton very probably went to Daimler (or others?) and quietly shopped the possibility of the merger. At the time, Mercedes was struggling with financial problems, engineering and quality problems, as Chryser was minting golden eggs with their very successful new vehicles. Other than the golden eggs in Chrysler's bank account, Chrysler had the talent to fix most of what Mercedes was having issues with. Especially the golden egg things! Given that history, it was no real surprise that Daimler bit for the proposal, to me.
The result was that the combined D-C was too big for Iacocca to gain entry to. Which was obviously what Eaton desired. It also would give him and Tom Gale freedom from Iacocca's demands on styling cues and such.
One of Lutz's main deals was cost controls, mentioned in his book "GUTS". In the second edition, there's an extra chapter on the D-C deal. Somewhat unlike his other comments in the book, he does not have much bad to say about the merger, although the rest of the second edition is exactly as the first edition.
After the merger, a good bit of Chrysler's then-dream team jumped ship to Ford and GM. Chris Theodore went to Ford and worked on the Ford GT. Brian Nesbit (PT Cruiser) went to GM after Lutz did, working magic behind the scenes. Lutz did his work at GM to make things better, cost and manufacturing-wise, but like so many other GM successes, they were not apparently continued after his projects were finished.
At the time, many were afraid that Chrysler would crumble with these desertions. But if those people sought and hired people of their same mindset and orientations, there should have been at least two layers of younger employees to keep things going for a while, until Cerberus came around to bail out Mercedes from the damage they'd done to Chrysler.
On the other side of things, Dr. Z and Wolfgang were probably the kids in the candy store while at Chrysler. End result was that Daimler learned all of the Chrysler "secrets" and fast-moving orientations and adapted them to Mercedes (along with the prior Chrysler golden eggs vanishing!). The Chrysler-ization of Mercedes happened. Probably didn't set too well that Chrysler's new 300 had lots of Mercedes items in it, even if they were from a prior generation of Mercedes. Or that Dr. Z's company car was a Chrysler SRT8!
Kind of funny how that when Chrysler is Chrysler, it's sucessful and makes money (which got Kerkorian excited due to their alleged lack of increased stock dividends), being an attractive take-over object for others. It's obvious that North American operations are now funding lots of European operations, too. Chrysler is still the cash cow.
Funny thing is that in the first Iacocca book, the last chapter discusses Chrysler's future. Which Iacocca claimed needed an international partner for Chrysler to survive. He mentioned FIAT at the best partner, due to its large international sales network. At the time, I scoffed at that thought. But fast-forward a few decades . . . .
Those are my recollections,
CBODY67