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Lee Iacocca has passed away

Warbirds
He was right about a lot more than he was wrong on.

I sincerely admired him and I believe I have signed copies of 3 of his books. I actually applied to and was accepted to LeHigh University which is where he went to school. I just couldn?t make the numbers work.

I will be smoking a cigar in his honor this weekend.
https://www.foxnews.com/auto/lee-iacocca-dead-chrysler-ford-mustang
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Comments

16 comments

Date Votes
  • Sam06
    Great man.

    RIP

    I think I will join you in a cigar and an adult beverage ;)
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  • babun
    One of the giants of the automotive industry.

    He now is driving a 250mph, 50mpg, meets all safety codes, car that never breaks down.
    RIP
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  • savage170
    RIP
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  • Spider7115
    I met him several times when I worked for Chrysler Corp., including the new car introduction in Hawaii in 1988. He was a brilliant man and "Father of the Mustang" when he worked for Ford. He also brought the plans for a new minivan to Chrysler when he left Ford because Henry Ford said nobody would buy it.

    That was the beginning of the Plymouth Voyager/ Dodge Caravan and the cause of Henry Ford's chronic indigestion. :lol:

    Rest in peace, Mr. Iacocca.
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  • select-fire
    He alone saved Chrysler when they were in dire condition years ago. One of the greats in the automotive history. I just wonder what he thought of the automobile world today. RIP
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  • He Dog
    Smart indeed, he got an $11, 000,000 bonus in a year Chrysler lost money.
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  • BobJudy
    select-fire wrote:
    He alone saved Chrysler when they were in dire condition years ago. One of the greats in the automotive history. I just wonder what he thought of the automobile world today. RIP

    He saved Chrysler with the help of a 1.5 billion dollar government bailout. Probably a little disappointed that the company he worked so hard to turn around is no longer an American company. Bob
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  • Spider7115
    BobJudy wrote:
    select-fire wrote:
    He alone saved Chrysler when they were in dire condition years ago. One of the greats in the automotive history. I just wonder what he thought of the automobile world today. RIP

    He saved Chrysler with the help of a 1.5 billion dollar government bailout. Probably a little disappointed that the company he worked so hard to turn around is no longer an American company. Bob
    It wasn't exactly a "bailout"; it was a loan guarantee. The government co-signed loans that Iacocca negotiated with banks. He was so successful in resurrecting the company that Chrysler repaid the loans in full 7 years early. It cost taxpayers nothing.

    Chrysler gave us 200 shares of stock as an incentive to revive the company to profitability. At the time, they were worth $4 per share. A little over a year later, they skyrocketed to $64 per share and split twice. I used my profits as a down payment on my first house.
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  • serf
    May he Rest in Peace but as far as saving Mopar/Chrysler it was short lived for now the car brand manufacturer is becoming defunct.

    serf

    https://www.chicagotribune.com/classified/automotive/ct-fiat-chrysler-plan-jeep-ram-20180601-story.html

    CEO Sergio Marchionne said that Jeep, Ram, Maserati and Alfa Romeo will be the focus of FCA's new five-year plan, which he called "strong and courageous." The plan will be Marchionne's last before his expected retirement at the end of the year.
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  • austin20
    serf wrote:
    May he Rest in Peace but as far as saving Mopar/Chrysler it was short lived for now the car brand manufacturer is becoming defunct.

    serf

    https://www.chicagotribune.com/classified/automotive/ct-fiat-chrysler-plan-jeep-ram-20180601-story.html

    CEO Sergio Marchionne said that Jeep, Ram, Maserati and Alfa Romeo will be the focus of FCA's new five-year plan, which he called "strong and courageous." The plan will be Marchionne's last before his expected retirement at the end of the year.
    Maserati is in the toilet.
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  • select-fire
    Spider7115 wrote:
    BobJudy wrote:
    select-fire wrote:
    He alone saved Chrysler when they were in dire condition years ago. One of the greats in the automotive history. I just wonder what he thought of the automobile world today. RIP

    He saved Chrysler with the help of a 1.5 billion dollar government bailout. Probably a little disappointed that the company he worked so hard to turn around is no longer an American company. Bob
    It wasn't exactly a "bailout"; it was a loan guarantee. The government co-signed loans that Iacocca negotiated with banks. He was so successful in resurrecting the company that Chrysler repaid the loans in full 7 years early. It cost taxpayers nothing.

    Chrysler gave us 200 shares of stock as an incentive to revive the company to profitability. At the time, they were worth $4 per share. A little over a year later, they skyrocketed to $64 per share and split twice. I used my profits as a down payment on my first house.

    +1
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  • austin20
    Spider7115 wrote:
    BobJudy wrote:
    select-fire wrote:
    He alone saved Chrysler when they were in dire condition years ago. One of the greats in the automotive history. I just wonder what he thought of the automobile world today. RIP

    He saved Chrysler with the help of a 1.5 billion dollar government bailout. Probably a little disappointed that the company he worked so hard to turn around is no longer an American company. Bob
    It wasn't exactly a "bailout"; it was a loan guarantee. The government co-signed loans that Iacocca negotiated with banks. He was so successful in resurrecting the company that Chrysler repaid the loans in full 7 years early. It cost taxpayers nothing.

    Chrysler gave us 200 shares of stock as an incentive to revive the company to profitability. At the time, they were worth $4 per share. A little over a year later, they skyrocketed to $64 per share and split twice. I used my profits as a down payment on my first house.
    That contract the DOD gave Chrysler (in the late 70's) to build the M1 Abrams sure did help save them.
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  • wpageabc
    RIP to a great capitalist.

    His book was a good read.
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  • gruntled2
    His electric bicycle was a flop.
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  • Spider7115
    gruntled2 wrote:
    His electric bicycle was a flop.
    The Sno-Runner didn't go over very well, either. Ya can't win 'em all!

    435751.jpg
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  • Ditch-Runner
    RIP Lee
    truly a amazing man
    sure enjoyed one of his ( 65 mustang 1st car I ever owned ) later dad had one of the early K cars

    I heard he once said " how much clean air do we need " during some meeting that was per a engineer I use to work with
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