Iacocca to lose pension

NEW YORK. Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pensi...

NEW YORK. Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the US automaker's bankruptcy filing two decades later.

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