Remembering Lee Iacocca, Father of the Mustang
Lee Iacocca, one of the most pivotal auto executives of the 20th Century, father of the Ford Mustang and with it the pony car segment, and savior of Chrysler, passes at the age of 94. A straight talking, enthusiastic, car salesman extraordinaire, Iacocca usually was at his best when the cards were stacked against him. He masterminded the first Mustang in the 1960s when Ford Motor Company was still trying to digest the monumental flop of the Edsel. Then in the early 1980s, virtually singlehandedly convinced the U.S. Government to bail Chrysler out of certain failure, and followed up by introducing another industry first, the front-wheel drive minivan, Plymouth Voyager. Time magazine called Iacocca “Detroit’s comeback kid”.