Auto industry icon Lee Iacocca has died
Auto industry icon Lee Iacocca, once one of America's highest profile business executives and credited with rescuing Chrysler from near-bankruptcy in the 1980s, has died. (CNN) - Auto industry icon Lee Iacocca, once one of America's highest profile business executives and credited with rescuing Chrysler from near-bankruptcy in the 1980s, has died. Iacocca started working at Ford Motor Company in 1946, and was a major figure in the development of the Ford Mustang the first vehicle of its kind. "I began my life as the son of immigrants, and I worked my way up to the presidency of the Ford Motor Company," Iacocca wrote in his 1984 autobiography. Then they'd ask for my first name and when I said 'Lido,' they'd break out laughing.