Ford also benefited from the strong earnings by its finance subsidiaries.

As his cash dwindled, he said, he tried without success to get more credit from Chrysler's finance subsidiary.

After the recent increases, automakers' finance subsidiaries are now charging an average of about 7 percent.

This year, more than $2.7 billion of Chrysler debt matures, mostly from the finance subsidiary.

The 1986 results are restated to reflect the inclusion of the company's finance subsidiary on a consolidated basis.

In the spring of 1991, Edsel was promoted to president and chief operating officer of the finance subsidiary.

Chrysler's finance subsidiary has $6.8 billion of agreements with foreign and domestic banks that expire a year from now.

But the finance subsidiary's earnings declined 2.4 percent.

That credibility will prove useful as he seeks to rebuild the finance subsidiary's portfolio, they said.

The rest came from the finance subsidiary.