Business Notes: Nov. 18, 1985

CORPORATIONS Iacocca Eyes New York

In 1979 Chrysler Chairman Lee Iacocca was best known for persuading Congress to put up $1.2 billion to bail out his ailing car company. My, how things have changed. Instead of begging for dollars, Iacocca has become a best-selling author, and Chrysler has racked up eight quarters of record profits. Last week Iacocca offered further proof of Chrysler's comeback by announcing a reorganization that will allow for greater flexibility and future expansion. The company will be split into four parts: autos, finance, technology and aerospace. An umbrella organization, headed by Iacocca, will oversee all operations and...

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