In which decade did Lee Iacocca help revive Chrysler?
1970s
1980s
1990s
2000s
Answer
In the 1980s, Lee Iacocca played a pivotal role in the revival of Chrysler, an American automobile manufacturer. After the company faced severe financial difficulties, Iacocca was appointed as its chairman and CEO. He implemented a series of cost-cutting measures, negotiated government loans, and introduced new models that appealed to consumers. Under Iacocca's leadership, Chrysler regained its financial stability and became a competitive force in the automotive industry once again.
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