Autos: Chrysler Rides Out the Bumps

Chrysler will always be a boom-or-bust company.

—John J. Riccardo, President, Chrysler Corp.

On the surface, the principal accomplishment of the nation's third biggest automaker this year would seem to have been avoiding disaster. In the first quarter, Chrysler lost only $29 million, rather than the $40 million that Wall Street had anticipated. In June it rounded up $800 million of bank credit over a hectic weekend—just in time to quiet rumors that holders of short-term notes would push the company down the same road that the Penn Central followed. Last week...

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