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US agency scraps deal for big Chrysler repairs

By With Analysis From Monitor Correspondents Around The World, Edited By Clara Germani / September 4, 1981


A government agency has taken the unusual step of scrapping an agreement its own staff worked out with Chrysler Corporation under which the car company would have reimbursed customers about $7 million for the repair of 38,000 cars built in Japan.

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The sources said the decision to reject the agreement reflected FTC concern that tough actions of this kind would upset the business community and the conservative Reagan administration.