NEW YORK (AP) _ Chrysler Corp. Chairman Lee Iacocca says Ronald Reagan is the kind of guy who's fun to hang out with but has no business being in the White House.

''In life there are some people you meet whom you'd just like to pal around with. They're fun, they put you in a good frame of mind, and they make you feel terrific,'' the 63-year-old Iacocca writes in his new book ''Talking Straight.''

''Well, that's Ronald Reagan,'' Iacocca said. ''He's not Dr. Strangelove - He's Dr. Feelgood. I want him to be my pal. But not my president.''

Excerpts of the book, due out in June, appear in this week's People magazine. Iacocca's previous book, ''Iacocca,'' sold 2.6 million copies.

In his new book, Iacocca writes about the 1983 death of his wife of 27 years, Mary; his short-lived second marriage with the former Peggy Johnson; his more than $20 million dollar salary in 1986; his struggles with Don Regan while the latter was secretary of the treasury; and his predictions for the 1988 presidential race.

Iacocca, who had been mentioned as a possible Democratic presidential nominee, admits he thought of running, but decided against it. ''I have no desire to switch professions at this stage of my life,'' he wrote.

So who does Iacocca expect to be in the White House next January?

''The odds are overpowering that we're going to have a very activist Democratic president. I don't think the Republicans can make it.''