• Iconic automobile executive Lee Iacocca dies at 94

    By: Cox Media Group National Content Desk

    Updated:

    The man best known for the development of the Ford Mustang and Ford Pinto died Tuesday in Los Angeles.

    Iacocca died from complications from Parkinson's disease, his daughter Lia Iacocca Assad told The Washington Post. 

    He worked for two major auto manufacturers, Ford Motor Company in 1946, and, after he was later fired by Henry Ford Jr. in 1978, Chrysler Corporation.

    Iacocca was also known for saving Chrysler more than once, including a bailout in 1980, where he was credited for approaching the United States Congress to obtain a loan guarantee of up to $1.5 billion, according to the Post

    He retired from Chrysler in 1992.

    Iacocca was born in Allentown, Pennsylvania in 1924.

    Next Up: