June 21, 1980 (vol. 90, iss. 32) • Page Image 13
…The Michigan Daily-Saturday, June 21, 1980--Page 13 PACT REACHED WITH LAST HOLDOUT Chrysler negotiates bank loan DETROIT (UPI) - Chrysler Corp. reported reaching "agreement in principle" yesterday with the last bank standing between the struggling automaker and the federally backed loans it needs to hold off bankruptcy. Earlier in the day, Chrysler said the last American bank that had been refusing to go along with the federal aid packhge agr...…