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AUTO

From Times Staff and Wire Reports

Iacocca Hints He Wants to Stay: Chrysler Corp. Chairman Lee Iacocca is hinting he may stay in the executive suite through 1992. Although his contract as chairman of the No. 3 U.S. auto maker expires at the end of this year, the 66-year-old Iacocca said he expects good things for the company that he rescued from the brink of bankruptcy a decade ago, adding that he’d like to be around to see them. “As soon as you get to 65, they speculate you’re going to drop dead,” he said. Chrysler’s directors will begin considering a successor to Iacocca in January. Iacocca on Tuesday issued an optimistic forecast for industry car and light truck sales next year, predicting 15 million to 16 million sales in the United States and Canada. Sales may end up around 13 million this year.


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