The U

Friday 21st December 1979

The U.S. Congress approved $1.5 billion in loans to the financially threatened Chrysler Corporation in an effort to save the battered automotive giant. President Jimmy Carter signed the bill on January 7, 1980. Under the stewardship of Lee Iacocca, Chrysler rebounded quickly. By the late 1980s, the car manufacturer was posting record profits.

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365 Days Of Motoring

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