All the problems of the big Three the lst 25 years can be teaced directly to the long ago failure to let Chrysler go belly up...
Not really. In the early 1990s when he retired, Lee Iacocca left Chrysler with really great product line (Grand Cherokee, a new Ram truck and the LH sedans). The company was making money hand over fist.
Unfortunately, Iacocca also blocked Bob Lutz from being his successor and instead pushed for an unethical slimeball named Bob Eaton. Management from mid-managerial level up received two to three times their base pay as annual bonuses rather than fixing quality issues. Eaton engineered a deal to sell Chrysler to Daimler even though Chrysler had greater assets and value at the time. Eaton made about $70 million off the deal and Chrysler went down the tubes.