“Natural Number” (#1234)
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Segment 1: Leuliette Interview
Guest:
- Tim Leuliette, CEO, DURA Automotive Systems
(6:05) -
Segment 2: Martens Interview
Guest:
- Phil Martens, CEO, Arvin Innovation, Inc.
(6:54) -
Segment 3: Dunne Interview
Guest:
- Frank Dunne, Senior Counsel, Dykema
(7:53) -
EXTRA: Myles Kovacs, Co-Founder, DUB Magazine
(8:13)
Synopsis
The number three has a unique heritage. From time to matter to grammar, for years humans have naturally divided elements and categories into three. That may be because it's a natural counting number or the first odd prime number. Then again it may be as simple as sets of three, for whatever reason, just feel right. Take this week's Autoline for instance. John McElroy interviews three separate guests discussing totally different topics related to today's auto industry.The first, Tim Leuliette the new CEO of auto supplier DURA, offers his observations on the poor state of business for everyone automotive these days, especially the Detroit Three. He even dares to mention the "B word," as in bankruptcy, and how that may be a factor in the near future.
Meanwhile, joining John to discuss the new spinoff from ArvinMeritor is its President & CEO Designate Phil Martens. Arvin Innovation, as it is called, takes over the company's light vehicle systems business and will be looking to grow its existing 2.3 billion in sales (2007) in a U.S. market that hasn't had much positive news for OEM or supplier alike.
Finally, as we pass the one-year anniversary of Cerberus buying Chrysler, John talks to private equity expert Frank Dunne from the national law firm Dykema. Mr. Dunne, a long time General Motors veteran, chronicles the movers and shakers from these high stakes financial groups and shares with John his impressions for the future of Chrysler and if private equity as a whole is getting what it wants out of auto.
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