Lee Iacocca was an American automobile executive who served as the CEO and Chairman of Chrysler Corporation from 1978 to 1992. He is best known for leading the company's turnaround from near bankruptcy in the late 1970s to profitability in the 1980s. Iacocca was also a well-known public figure, and his successful career in the automotive industry earned him widespread recognition and numerous awards.
Born on October 15, 1924 in Allentown, Pennsylvania.
Joined Ford Motor Company in 1946 and rose through the ranks to become president of the Ford Division in 1960.
Played a key role in the development of the Ford Mustang, which became one of the most successful automobiles of all time.
Fired from Ford in 1978 after a power struggle with Henry Ford II.
Hired as CEO and Chairman of Chrysler Corporation in 1978, and led the company through a major restructuring that included layoffs, plant closures, and the introduction of fuel-efficient vehicles.
Retired from Chrysler in 1992, and went on to serve as chairman of the Statue of Liberty-Ellis Island Foundation and the Iacocca Family Foundation.
Died on July 2, 2019 at the age of 94.
Founded in 1903, Ford Motor Company is an American multinational automaker that designs, manufactures, markets, and services a wide range of cars, trucks, SUVs, and commercial vehicles. It is one of the largest and most well-known automotive brands in the world.
Founded in 1908, General Motors is an American multinational corporation that designs, manufactures, markets, and services a range of automobiles and related products. It is one of the world's largest and most diversified automotive companies.
The Ford Mustang is a classic American sports car that was first introduced in 1964. It is known for its sleek design, powerful engine, and affordable price point. The Mustang has gone through many redesigns over the years, but it remains a popular car among car enthusiasts and casual drivers alike.
The Chrysler K-Cars are a family of front-wheel drive, mid-size cars that were introduced in the early 1980s. They were designed to be fuel-efficient and affordable, and they helped to save Chrysler from bankruptcy. The K-Cars include models such as the Chrysler LeBaron, Dodge Aries, and Plymouth Reliant.
Lee Iacocca worked at Ford for over 30 years and held a number of executive positions, including president of the Ford Division and president of Ford Motor Company. He is best known for his role in the development of the Ford Mustang.
As CEO and Chairman of Chrysler Corporation, Lee Iacocca led the company through a major restructuring that included layoffs, plant closures, and the introduction of fuel-efficient vehicles. He is credited with saving Chrysler from bankruptcy and turning it into a profitable company.
Lee Iacocca's net worth at the time of his death in 2019 was estimated to be around $100 million. However, it is difficult to determine his exact net worth due to the nature of his assets and investments.
Lee Iacocca is remembered for his successful career in the automotive industry, his leadership in turning around Chrysler Corporation, and his contributions to various philanthropic causes. He is also known for his charismatic personality and his ability to connect with the public.
Lee Iacocca died on July 2, 2019 at the age of 94. The cause of his death was complications from Parkinson's disease.