Lee Iacocca

Photo added by Louis du Mort

Lee Iacocca

Original Name Lido Anthony Iacocca
Birth
Allentown, Lehigh County, Pennsylvania, USA
Death 2 Jul 2019 (aged 94)
Bel Air, Los Angeles County, California, USA
Burial Troy, Oakland County, Michigan, USA
Memorial ID 200770928 · View Source
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American Businessman. He will best be remembered as the automobile executive who saved the Chrysler Corporation from bankruptcy in the 1980s, and is credited as the developer of the legendary Ford Mustang. Born Lido Anthony Iacocca to Italian-American immigrants, he studied engineering in college, eventually getting a Master’s degree from Princeton. In 1946, he got into the car business when he landed a job as an engineering trainee at Ford. Eventually, he’d become President of the Ford Motor Company. His Mustang project at Ford brought affordable performance cars people could drive every day. He saw the potential of the minivan, however when Ford passed on the project, he took it to Chrysler where it became a best-seller. He even helped to save convertibles, introducing the Chrysler LeBaron convertible at a time when convertibles were dying out. When he took control of Chrysler, one of the 'big three' auto manufacturers in America, it was on the brink of bankruptcy. Iacocca convinced a very skeptical Congress to put up cash for the first major automaker bailout. It was a huge gamble, but he pulled it off, and by 1983 he paid back the government loans with a massive check written out for $813,487,500. After saving Chrysler, the company eventually began to falter again, but while Iacocca was still in charge, he oversaw the acquisition of American Motors and Jeep. In the early 1980s, he was appointed by President Ronald Reagan to head the foundation to raise funds for the restoration of the Statue of Liberty. He also founded the Olivio company, which makes olive oil-derived food products and donates all the profits to diabetes research. Iacocca authored or co-authored several books, including 'Iacocca: An Autobiography' and 'Where Have All the Leaders Gone?'.

Bio by: Louis du Mort


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  • Maintained by: Find A Grave
  • Originally Created by: Louis du Mort
  • Added: 2 Jul 2019
  • Find A Grave Memorial 200770928
  • Find A Grave, database and images (https://www.findagrave.com : accessed ), memorial page for Lee Iacocca (15 Dec 1924–2 Jul 2019), Find A Grave Memorial no. 200770928, citing White Chapel Memorial Park Cemetery, Troy, Oakland County, Michigan, USA ; Maintained by Find A Grave .