Chrysler's Second Amazing Comeback

ONLY A YEAR AGO, GENERAL MOTORS WASN'T THE only industrial crisis brewing in Detroit. Chrysler, the smallest of the Big Three, seemed to have everything going wrong. Finances? The company was losing $795 million for the year. Products? Chrysler's midsize cars were based on a 10-year-old platform plagued by rattles and defects. Leadership? The company's succession battles would have appalled Al Capone.

Then why is Lee Iaccoca popping up on TV again, flashing his patented proud- paterfamilias smile? Because Chrysler customers have begun to notice that something is different. The new Jeep Grand Cherokee (base price: $19,000) is / an instant...

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