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Iacocca tears into the Bush and U.S. auto industry

Former Chrysler Chairman Lee Iacocca tears into the Bush administration and the U.S. auto industry in a new book, saying America's political leaders have failed the nation and urging voters to pick more carefully in 2008, according the Detroit Free Press.
The 82-year-old Iacocca -- who was urged to run for president in the 1980s after turning around Chrysler -- also says in "Where Have All the Leaders Gone?" that he's for higher federal fuel-economy standards, warns that Chrysler could become a "shattered remnant" if sold and offers suggestions for Detroit's automakers to turn their businesses around, the paper says.

Posted by   at 12:43 PM to Auto industry | Permalink

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