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.
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.
-
The Washington Post: kowtowing to Trump?Talking Point The newspaper's opinion editor has handed in his notice following edict from Jeff Bezos
-
Gene Hackman: the death of a Hollywood legendThe French Connection actor had an extraordinary gift for making characters believable
-
5 confrontational cartoons about Zelenskyy at the White HouseCartoons Artists take on diplomatic fashion, card games, and more
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
