FCA To Merge With PSA

This is a fact from Lee Iacoca's auto biography from 1983. When Chrysler was on life support in 1979 and the quest for Federal loan guarantees was uncertain, Iacoca began exploring merger possibilities for Chrysler. The possibilities? Honda and wait for it, FORD! Henry Ford II blew that out of the water and Honda didn't pan out. You see it how you see it, but the late Sergio Marchionne began looking for a buyer or merger partner before his passing. Reality is save for some time in the 80's and early 90's, Chrysler has been on varying degrees of life support.