Socializing Chrysler

June 1980
National Review;6/13/1980, Vol. 32 Issue 12, p702
The article discusses the public takeover of Chrysler Corp. in the U.S. Administration officials have become involved in marketing decisions. The Treasury Department has an Officer of Chrysler Finance supervising the company's cost structure and pricing policies and the Chrysler Loan Guarantee Board must approve all purchase contracts in excess of $10 million. Officials at Chrysler find it ironic that marketing expert Lee Iacocca is being told how to sell cars by government officials who have never earned a profit in business. Chrysler seems destined to become the first socialized industrial concern in the country.


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