Whatever you think of Iacocca he got the loans paid back quickly, and had a much more difficult time getting them than GM or Chrysler/Cerberus.
Biggest mistake, naming Bob Eaton as his successor. That guy raped the company, then literally and figuratively, got out of Dodge.
Amazing on this board how so few even have a clue. In 98 Chrysler had over 12 billion in reserve before Jurgen Schremp and Dumbler Bendzover raided them during the "merger of equals"
It wasnt Chrysler management that ran them into the ground, it was Dumbler who raided them and mismanged/stole even more cash and did little to no development.
Of course Eaton handed them over to Dumbler and Iaccoca to this day wished he had put Lutz in charge instead of EAton. I am sure he doesnt think too much of Eaton who is a traitor.