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From Times Staff and Wire Reports

Iacocca Calls News Conference: Chrysler Chairman Lee A. Iacocca has called a news conference for 10 a.m. today in Detroit and is expected to announce plans for new top management at the auto maker when he retires as chief executive at the end of the year. Iacocca and other members of Chrysler’s board met Saturday in New York to hammer out a succession plan. Iacocca, 68, might stay on as chairman, raising doubts about how much control his new CEO might have, but analysts and some key shareholders want Iacocca out. Speculation centers on Robert A. Lutz, 60, president of Chrysler; Robert Eaton, 52, president of General Motors of Europe, and Gerald C. Greenwald, a New York investment banker who until 1990 was Chrysler vice chairman and heir-apparent to Iacocca.

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