Chrysler reports upturn; more US loans unneeded

Chrysler chairman Lee Iacocca said the auto giant was in ''good shape'' and could earn $150 million in 1982 if the US economy recovered from the recession. He told the House subcommittee on economic stabilization that Chrysler does not need to draw any more of the government-guaranteed loans authorized by Congress in 1979 to save the company from bankruptcy. The company borrowed $1.2 billion in guaranteed loans.