Iacocca: Chrysler's Bankruptcy 'Pains Me'

Lee Iacocca, who brought back Chrysler from brink in the 1980s, said that today's bankruptcy filing marks a "sad day" for him. "It pains me to see my old company, which has meant so much to America, on the ropes," Iacocca said in an e-mail statement to ABC News. "But Chrysler has been in trouble before, and we got through it, and I believe they can do it again." Iacocca, who served as CEO from 1978 to 1992, said if the company is smart they will bring together a consortium of workers, plant...Full Story
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