While some analysts were apprehensive about Chrysler ‘s viability, others were of the view that Chrysler would come out of the bankruptcy soon. According to Lee Iacocca(Iacocca), former chairman and chief Executive Officer (CEO) of Chrysler, “It pains me to See my old company, which has meant so much to America, on the ropes. But Chrysler has been in trouble before, and we got through it, and I believe they can do it again.