AUTOS

Eaton Elected Chrysler Chairman: Chrysler Corp.’s board formalized the long-expected changing of the guard, voting Robert J. Eaton to replace retiring Lee A. Iacocca as head of the nation’s No. 3 auto maker. Eaton, 52, was elected chairman and chief executive during a meeting in New York. The appointment takes effect Jan. 1. Eaton named company President Robert A. Lutz, 60, as chief operating officer, with responsibility for car and truck operations worldwide. Lutz’s appointment was part of a move by Eaton to expand the chairman’s office by promoting three executives to it.