Lee Iacocca, who created the iconic Ford Mustang and later in his career rescued Chrysler from bankruptcy, has died, his foundation and Ford Motor Company confirmed on Tuesday. He was 94. Iacocca’s daughter told The Washington Post the cause of death was complications from Parkinson’s disease.
In his 32-year career at Ford and then Chrysler, Iacocca helped launch some of Detroit’s best-selling and most significant vehicles, including the minivan, the Chrysler K-cars and the Ford Escort. He also spoke out against what he considered unfair trade practices by Japanese automakers.
Iacocca authored or co-authored several books, including Iacocca: An Autobiography (with William Novak), and Where Have All the Leaders Gone? Portfolio Magazine named Iacocca the 18th-greatest American CEO of all time.