Iacocca, dealers lobbied to save Chrysler

Lee Iacocca celebrates Chrysler's final payment on its federally guaranteed loans. He insists he couldn't have preserved the company without dealers' help.

By:

Bradford Wernle

September 25, 2006 05:00 AM

Veteran Chrysler dealer Hoot McInerney vividly recalls the impression that Lee Iacocca made on Congress in 1979, when the Chrysler Corp. chairman sought federal loan guarantees that would help bail out the struggling automaker.

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