Lee iacocca children
Lee Iacocca, the auto-industry titan who saved Chrysler from bankruptcy and launched the Ford Mustang, has died. Here's a look at his incredible life and career.
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- Lee Iacocca, the auto-industry titan who served as CEO of Chrysler and president of Ford during a nearly 50-year career in the business, died at his Southern California home on July 2.
- Iacocca was one of the most colorful and most celebrated car-company executives. Among other things, he is credited with saving Chrysler from bankruptcy in the 1980s.
- Here's a look at Iacocca's storied life and career.
- Visit Business Insider's homepage for more stories.
1924
Lido Anthony "Lee" Iacocca is born in Allentown, Pennsylvania, to Italian immigrant parents who operate Yocco's Hot Dogs.
Source: Lehigh Valley Live
1945
Iacocca graduates from Lehigh University with a degree in industrial engineering. He receives his master's degree in engineering from Princeton one year later, in 1946.
Source: The New York Times
1946
Ford Motor Co. hires Iacocca as an engineer, but he soon makes the transition into sales.
Source: The Detroit News
1956
Iacocca marries Mary McCleary, a receptionist at a Ford Motor Co. office in Philadelphia.
Source: The Washington Post
1964
Iacocca is credited with bringing the Ford Mustang onto the market. He lands several promotions at Ford after this, and within two years of the Mustang's launch, the one-millionth example of the car rolls off the assembly line.
Source: Barron's and Automotive News Europe
1970
Iacocca becomes the president of Ford. He introduces the Ford Mustang II three years later, in 1973.
1978
Henry Ford II fires Iacocca, but he is hired by Chrysler four months later. Chrysler has again been on the rocks because of failed expansions, debt, skyrocketing gas prices, falling sales, and increasing international competition.
Source: NBC News
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