Printer Friendly

LEE IACOCCA DISCUSSES JAPANESE TRADE PROBLEMS, FUTURE OF ELECTRIC CARS AND HIS PERSONAL PRIVACY, EXCLUSIVE 'MARKETPLACE' INTERVIEW, MONDAY, AUG. 24

- ENTERTAINET - TO ENTERTAINMENT, BUSINESS AND AUTO EDITORS:

LEE IACOCCA DISCUSSES JAPANESE TRADE PROBLEMS, FUTURE OF ELECTRIC
 CARS AND HIS PERSONAL PRIVACY
 Exclusive 'Marketplace' Interview, Monday, Aug. 24
 LOS ANGELES, Aug. 21 /PRNewswire/ -- Lee Iacocca, chairman and chief executive officer of the Chrysler Corp., again criticizes the Japanese for contributing to an unfair balance of trade in the automobile industry and discusses the future of electric cars and his own personal privacy, in an exclusive interview on "Marketplace", American Public Radio's daily business program, to air Monday, Aug. 24.
 "Trade tension is going to be an issue as long as their market stays closed," explains Iacocca in an interview with auto industry reporter Alex Taylor of Fortune magazine. "Unlike the U.S., where we sell Japanese cars in our own dealerships, it is the opposite in Japan. They handle one make and we can't access their distribution system."
 According to Iacocca, the added costs onto American cars in the Japanese industry are uncontrollable and unfair. "It's no use trying to sell them my Jeep for $25,000 if it becomes $45,000 when it gets there," he said. In a closed market, the absence of tough competition allows the Japanese to add costs and to set prices at any level.
 As for the future of the electric car industry or alternate fuel vehicles, Iacocca forsees the development of a product that can replace the internal combustion engine to surface in the next two decades.
 "If we can come up with a battery breakthrough, then we'll have electric cars," he states. In addition, more research must be done to reach acceptable range, acceleration and efficiency for electric cars.
 Iacocca, who will leave his Chrysler position at the end of 1992, indicated that he will not miss his celebrity status once he retires. "The severe price of publicity is the loss of privacy, and it's not fun," he explains.
 "Marketplace" is produced by USC Radio at the University of Southern California in Los Angeles. The daily 30-minute program is distributed nationwide by American Public Radio. The exclusive corporate underwriter is General Electric, with major funding also from the Corporation for Public Broadcasting, public radio stations, the United States Japan Foundation of New York and the Japan-U.S. Friendship Commission.
 -0- 8/21/92
 /CONTACT: Cliff Dektar or Pam Golum of The Lippin Group/LA, 213-965-1990, or Michael Wright of The Lippin Group/NY, 212-986-7080, for "Marketplace"/ CO: ST: California IN: ENT SU:


BP-AL -- LA009 -- 2159 08/21/92 13:20 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 21, 1992
Words:418
Previous Article:FINDING AND RETAINING CREATIVE TALENT TO BE EXAMINED AT INTERNATIONAL ADVERTISING ASSOCIATION'S 33RD WORLD CONGRESS
Next Article:BOEING DEFENSE & SPACE GROUP AWARDED E-4B AIRCRAFT LOGISTICS SUPPORT CONTRACT
Topics:


Related Articles
Lee Iacocca and an America that's back on its feet.
STATEMENT BY CHRYSLER CHAIRMAN IACOCCA IN RESPONSE TO JAN. 27, 1991, COMMENTS BY YUTAKA KUME
LEE IACOCCA SAYS KEEPING U.S. COMPETITIVE IS CHALLENGE FOR NEW GENERATION
U.S. NEEDS NEW POLICIES TO MATCH NEW PRODUCTS FROM BIG THREE, IACOCCA SAYS
CARS AND STARS HIGHLIGHT CHRYSLER DEALER PREVIEW
LEE IACOCCA BIDS FAREWELL TO CHRYSLER'S DEALERS
IACOCCA SEES SALES EXPANSION FOR CHRYSLER IN EUROPE; NEW PRODUCTS, ORGANIZATION TO FUEL GROWTH
TOYOTA TO REBADGE GM CARS; LANDMARK DEAL SET FOR SIGNING
Lee Iacocca Talks Hybrids, Fuel Cells, and Oil in Green Car Journal's Spring 2004 Issue.
Plugged in: E-Bikes and Segways are slow to catch on--but rebates help.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters