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Chrysler Moving Headquarters To Suburb of Detroit by 1995
[FINAL Edition]
The Washington Post (pre-1997 Fulltext) - Washington, D.C.
Author: Brown, Warren
Date: Sep 9, 1992
Start Page: f.01
Section: FINANCIAL

Chrysler's headquarters had been located in Highland Park since the company's founding in 1925. The company accounts for 25 percent of the town's tax base and 50 percent of its annual budget, according to Highland Park Mayor Lindsey Porter, who was interviewed yesterday on WCHB Radio in Detroit.

"It was a a foregone conclusion that they would do this," said Arvid Jouppi, an analyst with Keane Securities Co. in Detroit. "With the Auburn Hills facility, Chrysler just couldn't afford to keep one at {Highland} Park, too," Jouppi said.

Mayor Porter and Chrysler Chairman Lee A. Iacocca have been meeting to discuss ways of helping Highland Park adjust. One step might be to convert Chrysler's headquarters to another use.

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