DETROIT TRIES TO FOOL THEM AGAIN

“I think we are doing enough to help ourselves. You just watch us. You will see a lot of action at Chrysler. You will see better cars and you will see better service and better quality,” he promised.

Thus spake Lee Iacocca, chief executive of Chrysler, seeking a federal bail-out in October 1989. Sounds familiar.

Mr Iacocca's eponymous memoir ends, after fierce tussles with critics who tried to stymie federal loan guarantees, with Chrysler put back on its feet by the US taxpayer.

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約翰•加普

約翰·加普(John Gapper)是英國《金融時報》副主編、首席產業評論員。他的專欄每週四會出現在英國《金融時報》的評論版。加普從1987年開始就在英國《金融時報》工作,報導勞資關係、銀行和媒體。他曾經寫過一本書,叫做《閃閃發亮的騙局》(All That Glitters),講的是霸菱銀行1995年倒閉的內幕。

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