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Chrysler hit a low point in the mid to late 1970s because they didn’t redesign or develop appealing vehicles conditions of of body style. These way behind the models coming beyond Japan’s Mitsubishi Motors, who had previously been releasing new body styles since process of the decade. Their business dropped so low that they asked the usa government to obtain a loan in 1979. Their asking price was $1.5 billion. These funds would help them avoid falling into chapter 13. They were granted their loan and were even critical to producing boxes pick up trucks for your military called the Commercial Utility Cargo Vehicle M-880 variety. This and the development on the K car kept Chrysler from going bottom out.
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