Word: iacocca
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Like an auto company showing off its new cars, the beleaguered Chrysler Corp. last week unveiled its shining new 1980 model management. Lee Iacocca, 54, the razzmatazz marketing whiz and former Ford president who joined Chrysler only last November, was elected chairman to replace John Riccardo, 55, who surprisingly retired, citing as a cause his recent heart trouble. Joining Iacocca at the top were several cronies from his 32 years at Ford. J. Paul Bergmoser, 63, former purchasing vice president at Ford, takes over as president; the new executive vice president for finance is Gerald Greenwald, 44, once president...
...This is utter speculation. It's an asinine price." -Chrysler President Lee Iacocca...
More skeptical, Detroit's automakers at first showed little interest in the Moodymobile. Chrysler President Lee Iacocca last week announced that he would like to meet Ralph Moody, while Ford Motor executives plan to hold talks with Shetley about supplying cars for further conversion experiments. General Motors sent the director of its new devices section to study...
Last July Ford fired President Lee Iacocca, who was later replaced by Philip Caldwell. Some time before Jan. 1, Caldwell will probably replace Ford as chairman as well as chief executive, and Executive Vice President William O. Bourke, 51, is expected to move to the president's post; both are highly able, although less colorful than Ford. Meanwhile, Henry's brother William Clay Ford, 54, is expected to remain as chairman of the executive committee. Henry Ford may stay on as chairman of a revised finance committee and a director. Said one Ford Motor Co. insider: "As long...
...market for U.S. makes, about 27%, vs. 60% for GM. Ford's compact Fairmont is moving well, but sales of its subcompact Pinto are down because of publicity over faulty gas tanks on earlier models, which sometimes exploded when hit from the rear. The much publicized ousting of Iacocca as Ford's president and the threatened lawsuits against Chairman Henry Ford II have also hurt. To scrub up its image, Ford has been working extremely hard to ensure safety and reliability...