Jul 3, 2019
Lee Iacocca, father of the Ford Mustang, dies aged 94
Lee Iacocca, the car industry legend who created the iconic Ford Mustang and saved Chrysler from bankruptcy, has died at the age of 94. Mr Iacocca is also remembered for his appearances in Chrysler ads in the US, pointing at viewers and telling them: "If you find a better car, buy it!". Born to Italian immigrant parents in Allentown, Pennsylvania in 1924, Mr Iacocca began his career as an engineer at the Ford Motor Company in 1946, before later moving into sales. A year later, in 1979, Mr Iacocca took over Chrysler Corporation. Mr Iacocca famously accepted a salary of just $1 a year while the company was recovering.
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