Word: lacocca
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...Chrysler and American Motors. GM already accounts for 60% of all U.S. sales of American-made cars, while Toyota has 25% of the market for imports. "I don't care what kind of fig-leaf consent order they try to cover it up with," said Chrysler Chairman Lee lacocca after last week's FTC decision. "It's not right, and I will do everything in my power to see that the American public gets a clear picture of just how wrong...
...lacocca...
Chrysler Chairman Lee lacocca at the University of Michigan in Ann Arbor: "Our free-enterprise economic system is still the best there is. America still has the people and the resources to be a worldbeater. The only thing we seem to be missing is the determination that once pushed America to great heights. That's where you folks come in. I want you to get mad about the current state of affairs. I want you to get so mad that you kick your elders in their figurative posteriors and move America off dead center. Our nation was born when...
Chrysler Chairman Lee lacocca had some startling news at his company's annual shareholders meeting in Detroit last week. "Just try to name a person, corporation or government that has paid off a note seven years ahead of schedule," said lacocca with a broad smile. But that is what Chrysler is about to do. Next month, announced lacocca, Chrysler will be forking over $400 million, or one-third of its federally guaranteed loans...
...matter of principle and precedent, I do not feel the Government should bail out companies. As chairman of the Small Business Committee, I have lived through two years of seeing little companies go down the chute in record numbers. Having said that, do I feel Chrysler and lacocca have done a superb job? No question about it. I'm delighted to see Chrysler succeeding...