scorecardLee 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 saved Chrysler from bankruptcy and launched the Ford Mustang, has died. Here's a look at his incredible life and career

1924

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

1945

1945

Iacocca graduates from Lehigh University with a degree in industrial engineering. He received his master's degree in engineering from Princeton one year later, in 1946.

Source: The New York Times

1946

1946

Ford Motor Company hires Iacocca as an engineer, but he soon makes the transition into sales.

Source: The Detroit News

1956

1956

Iacocca marries Mary McCleary, a receptionist at a Ford Motor Company office in Philadelphia, Pennsylvania.

Source: The Washington Post

1964

1964

Iacocca is credited with bringing the Ford Mustang onto the market. He landed several promotions at Ford after this, and within two years of the Mustang's launch, the one-millionth example of the car rolled off the assembly line.

Source: Barron's and Automotive News Europe

1970

1970

Iacocca becomes the president of Ford. He introduced the Ford Mustang II three years later, in 1973.

1978

1978

Henry Ford II fires Iacocca but is hired by Chrysler four months later. At the time, Chrysler was again on the rocks due to failed expansions, debt, skyrocketing gas prices, falling sales and increasing international competition.

Source: NBC News

1979

1979

Iacocca becomes Chrysler's CEO.

1980

1980

President Jimmy Carter signs the Chrysler Corporation Loan Guarantee Act of 1979, which gave Chrysler $1.5 billion in federal loans after Iacocca petitioned the US government for assistance. The money would help save the struggling automaker from bankruptcy.

Iacocca also set about cutting production costs, revamping operations and creating a stronger advertising campaign that attracted buyers around the US. The company repaid its government loan seven years early and, by 1984, pulled in more than $2.4 billion in profit, solidifying Iacocca's fame as an intrepid automotive executive.

Source: Bloomberg

1983

1983

Iacocca's first wife Mary McCleary dies from complications of diabetes. Iacocca later establishes the Iacocca Family Foundation to fund diabetes research.

Source: The New York Times

1983

1983

Chrysler creates the the revolutionary minivan, which lays the groundwork for the SUV.

Source: The Washington Post

1992

1992

Iacocca retires from Chrysler and dedicates more time to his foundation. He then marries Peggy Johnson before divorcing a year later and marrying Darrien Earle.

Source: Los Angeles Times Archives

1996

1996

Iacocca appeared on the cover of Fortune magazine. In an extensive interview with the publication, he declared that he had "flunked retirement."

Source: Fortune

1997

1997

Iacocca revived his career, founding EV Global Motors in 1997. "I plan to provide a range of new and exciting electric vehicles that are quiet, clean, safe, and fun," he told The Washington Post's Warren Brown at the time.

Source: The Washington Post

2007

2007

The automotive legend wrote his third book, "Where Have All the Leaders Gone?"

2019

2019

Lee Iacocca dies from complications of Parkinsons Disease on July 2, 2019, at the age of 94.

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