Auto industry icon Lee Iacocca dies at 94
Lee Iacocca, the auto industry leader known for helping develop the Ford Mustang in 1964 and rescuing Chrysler in the 1980s, died Tuesday in Los Angeles. He was 94.
The son of Italian immigrants, Lido Anthony Iacocca was born Oct. 15, 1924, in Pennsylvania. After graduating from Lehigh University, Iacocca began working at the Ford Motor Company in 1946, and made history when he helped create the Mustang; Ford sold a record 418,812 Mustangs during the model's first year. He became president of Ford in 1970, before being fired by Henry Ford II in 1978.
He took over Chrysler while it was on the brink of bankruptcy, and turned the company around. With Iacocca at the helm, Chrysler introduced the minivan, and he appeared in the company's commercials, saying, "If you can find a better car, buy it." Also a best-selling author, Iacocca was approached several times and asked if he would consider running for president or senator, but always said he was too blunt for politics. He is survived by two daughters and eight grandchildren.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
'Colleges warn of punishment for disruptions'
Today's Newspapers A roundup of the headlines from the US front pages
By The Week Staff Published
-
Peter Murrell: Sturgeon's husband charged over SNP 'embezzlement' claims
Speed Read SNP expresses 'shock' as former chief executive rearrested in long-running investigation into claims of mishandled campaign funds
By Arion McNicoll, The Week UK Published
-
The murky role of military contractors in war
The Explainer A civil case against US company has revived debate over the increasing use of private security firms in military operations
By Richard Windsor, The Week UK Published
-
Post Office's Capture software to be reviewed over 'glitches'
Speed Read Solicitor representing accused postmasters says flaws in the IT system follow 'very similar pattern' to Horizon
By Arion McNicoll, The Week UK Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published