AUTOS: Honest Lee's Used Cars

Honest Lee's Used Cars

"If you own up to your mistakes, you don't suffer as much," advises Chrysler Chairman Lee Iacocca in his current best seller, Talking Straight. Last week Iacocca's company made good on its most infamous goof-up in years, the practice of test-driving some of its cars as far as 300 miles with their odometers disconnected and then selling the cars as brand-new.

Under a settlement filed in a St. Louis federal court, Chrysler will pay some 38,600 automobile owners at least $500 apiece from an initial fund of $16.3 million. The settlement concludes an investigation that began some two years ago, Iacocca...

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