Not a direct quote but Iacocca's opinion on the LH was that they were not needed. New vinyl tops, wire wheel covers and hood ornaments would extend the like of the K based cars for several more years. For any Iacocca fan that's read his autobiographies, this book should also be required reading:
http://www.amazon.com/Behind-Wheel-Chrysler-Iacocca-Legacy/dp/0156004747/ref=sr_1_1?ie=UTF8&qid=1402571714&sr=8-1&keywords=behind+the+wheel+at+chrysler
http://www.amazon.com/Behind-Wheel-Chrysler-Iacocca-Legacy/dp/0156004747/ref=sr_1_1?ie=UTF8&qid=1402571714&sr=8-1&keywords=behind+the+wheel+at+chrysler
A Detroit Free Press reporter demythologizes Lee Iacocca’s leadership of Chrysler, demonstrating how salesmanship and self-promotion invariably trumped innovation and investment.