We all know the story of Lee Iacocca going to congress to borrow
funds to keep Chrysler afloat. This is not the first time Chrysler had to be
helped out to keep running. In 1954, before the Exner era and to facilitate
the money needed to retool into the Forward Look series, the corporation
borrowed $250 million from Prudential. We all know how it turned out but that
was of interest to me since I retired from Pru. That was a lot of money back
then.
Tom Taylor
55 Dodge
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