Chapters 24-25 Summary and Analysis

In 1982, Chrysler began hiring and signing up new dealers. The company was profitable by the end of the year and did much better in 1983. In spring, they had a new stock offering. In addition to that, the stock more than doubled in price in the next few weeks. They paid back their loans seven years ahead of schedule.

Iacocca developed the Le Baron convertible, which was a big success. General Motors and Ford then brought out convertibles of their own. The next year, Chrysler introduced the minivan.

The last remaining problem were the warrants held by the Loan Board. They entitled the holder to buy 14.4 million shares at $13. The stock was now selling at $30. Chrysler asked the government to return the warrants at little or not cost, which caused an uproar. The government said they would sell the warrants...