Lee Iacocca asked to return his Chrysler cars under bankruptcy law

It seems like Chrysler’s Chap. 11 bankruptcy is affecting Lee Iacocca more than just emotionally. Iacocca, who is famous for saving Chrysler from bankruptcy in 1980s, has apparently been asked to return his company vehicles.

According to FOX Business, which obtained a letter sent to former Chrysler executives and directors, the now-bankrupt automaker is asking its former executives to either buy the vehicles they are currently driving at a market value or return it to the company.

Chrysler says that the bankruptcy law...
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bfghemicuda - 5/23/2009 1:07:28 PM

+4 Boost

The LaBaron never had Corinthian Leather that was the Cordoba. The Volare was before Iacocca. Iacocca was responsible for the Minivan [ huge success ] The revamp 1994 Dodge Ram [ huge success ] Viper [ kick but ] PT cruser Even though its old sold millions and Iacocca left Chrysler with tons of cash and an engineering team that was making positive headlines daily. So its obvious you know nothing about Chrysler

pnsb24a - 6/2/2009 2:21:28 PM

+1 Boost

His time has passed