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Re: Chrysler

To: Chris Kotting <ckotting@iwaynet.net>
Subject: Re: Chrysler
From: Mike Edmonds <edmondsm@concentric.net>
Date: Tue, 2 Dec 97 13:31:42 -0700
One tidbit concerning Chairman Lee's last name -- a joke at the time he 
took over Chrysler was that IACOCCA stood for: I Am Chairman of Chrysler 
Corporation America.


>       No. Mike, this all happened way before the new Ram truck. 
>Actually, what happened is that Lee Iaccoca (sp?), who was hired from
>Ford, and actually knew how to run a company, came in and reorganized
>Chrysler.  This was where the first real "downsizing" took place, I
>think.  And last, but certainly not least, there were huge loans from the
>federal government to bail them out. In fairness, as I recall the story,
>Chrysler paid the loan back, early, and w/ interest.  Apparently, the
>gov't had some interest in keeping the third of the "big three".  If
>there were only the big 2, then you might have all kinds of monopoly and
>anti trust problems.  Three makes it competitive, as it were.  If it
>weren't for Lee, then we'd not have those fine looking trucks.  PS-Mine
>was made in Mexico.
>       In order not to offend the list police, I have a Dodge Ram pickup
>and used it to haul Bob Allen's MG C home from St. Louis, when it quit,
>stopped, made funny noises, and became generally useless.  That is the
>obligatory LBC content.  Pppppffffffftttttttt!!!
>
>Larry Dickstein
>bugide@juno.com
>
>There is no problem that cannot be solved
>with either a checkbook or high explosives.
>
>On Tue, 02 Dec 1997 02:35:49 -0800 Mike Lishego <mikesl@tartan.sapc.edu>
>writes:
>>John McEwen wrote:
>>>  To think that the greatest auto and
>>> motorcycle names of Britain are dead and gone - Austin and Morris, 
>>BSA and
>>> Norton - is a sad commentary on the history of a great nation.  No 
>>other
>>> country stood by and witnessed such an amazing loss.
>>
>>That's where I might have to differ on this argument.  Didn't Chrysler 
>>almost 
>>disappear in the late eighties/early ninties?  I remember hearing 
>>rumours about their 
>>demise, but no talk of what would be done.  Thankfully, they pulled 
>>themselves up by 
>>the bootstraps and built the new Ram trucks.  If I'm wrong, please 
>>correct me, this 
>>is only what I had heard at the time.
>>
>>Oh yes, please don't think for a second that I'm trying to compare 
>>Chrysler with 
>>Austin.  I might be dumb, but I isn't stupid.
>>
>>-- 
>>Michael S. Lishego
>>St. Andrews Presbyterian College
>>Elementary Education Major,
>>English Minor, Class of 1999
>>R.A. of Winston-Salem Hall
>>
>

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