New Chrysler CEO, Bob Nardelli says that problems in the housing market are hurting car and truck sales, and he wants his company to draft a plan to respond.
With experience in the home building industry as former CEO of Home Improvement retailer Home Depot, Nardelli is probably better qualified than most Auto Industry insiders to make such a correlation.
Nardelli said he can see a connection between housing woes and the automobile market and that Chrysler is trying to anticipate what might await the industry.
“There is a direct coupling there,” Mr. Nardelli said in a speech to the Automotive Press Association, “and some negative spill from housing into the auto industry.” Read.
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