The Automobiles of 1979
Realizing the Chrysler Corporation would soon go bankrupt, CEO Lee Iacocca went to the floor of Congress to beg a billion dollar bailout in the form of loan guarantees. Though highly controversial the government gave Iacocca the loan guarantees. The next year Chrysler came out with the compact front wheel drive K-Cars which sold very well in the coming recession. And with the phenomenal success of their Mini Van in 1983 the loans were paid off 7 years early. The 1979 Chrysler Bailout.
Car of the Year 1979
1979 Buick Riviera S
The 1979 Buick Riviera S was the sixth generation of Rivieras and was awarded the Motor Trend car of the year. It was a full-size 2 door luxury coupe. 1979 Buick Riviera S.
The Races of 1979
Indianapolis 500 - Rick Mears
CART Racing (replaced USAC): Rick Mears won the season championship
Formula One Champion - Jody Scheckter of South Africa
Richard Petty won the Daytona 500
24 hours of Le Mans: the team of Klaus Ludwig / Bill Whittington / Don Whittington win driving a Porsche 935
Rob Bruins won the NHRA Top Fuel championship.
Don Garlits won Top Fuel at the [NHRA] World Finals
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