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Former Chrysler chairman wants to return

Monday, March 18, 2002 | 9:31 a.m.

DETROIT -- Former Chrysler Corp. Chairman Lee Iacocca wants to return to the company he once helped lead, but said DaimlerChrysler AG Chairman Juergen Schrempp has shut him out.

Schrempp and Iacocca held a series of talks over the past few years about Iacocca's possible return to the automaker, the Detroit News reported Sunday.

Iacocca said Schrempp, the mastermind behind Daimler-Benz's 1998 acquisition of Chrysler, led him on for months about a possible role in reviving Chrysler, which has struggled with sinking sales and profits since it was acquired by the German carmaker.

"I'd give my right arm to do it, to be honest," Iacocca said in the interview at his Los Angeles home. "Chrysler was my life. I really feel bad it is where it is today. People say well, it's just another German company. No. This was a great American company."

Schrempp was unavailable for comment.

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