Background[ edit ] The Ford Mustang began production five months before the normal start of the production year. His lap times were only slightly off the pace of the F1 race cars. An alternative view was that Robert J.
My father, Nicola, first came here from Italy when he was twelve years old.
It was Lee iacocca that same trip back that he met and fell in love with a beautiful young woman named Antoinette. Fortunately for both of us, he was charming enough that she came back too.
After high school, I went somewhere very different, but not very far away: Lehigh University in Bethlehem, PA. The bosses agreed and soon I made the move. After leading several successful initiatives, I began to move up the ranks, ultimately finding my true calling in product development.
It was also during this period that I married my beautiful wife, Mary, with whom I would have two amazing daughters, Kathryn and Lia. With my family by my side, I continued my ascent within the Ford company.
Becoming president of Ford in my forties was a dream come true for the son of immigrants. Our success continued into the 70s, but by the end of the decade Henry Ford II and I could no longer co-exist. Of course, though I may not have realized it at the time, some of my best years were still ahead of me.
At first, being hired to head up Chrysler seemed like going from the frying pan into the fire. This venerable company was on the verge of bankruptcy, and I had some tough decisions to make.
To save the company, I had to lay off some workers, sell off our European division and close several plants. And of course, I had to secure the now famous loan we received from Congress-which I paid back early with interest.
Once Chrysler was solvent, our next step was to seriously rethink the market. We realized that there was a simultaneous need for two very different types of vehicles. The first was a more fuel-efficient, "compact" vehicle the country was in the midst of a serious fuel crisis.
The second was a concept vehicle that inspired me to bring over my old friend Hal Sperlich from Ford. The minivan was a phenomenal success, and a precursor to the SUV.
But while the early s were years of great career success, they were also ones of great personal loss as Mary finally succumbed to her diabetes in It was after her passing that we began The Iacocca Foundation to help find a cure for this terrible disease.
Chrysler continued its resurgence as the decade went along, acquiring AMC and Jeep in When I retired from the company init was in great shape. I was 68 years old and frankly, feeling a little bored.
At that point, I considered everything from public office to the Commissionership of Major League Baseball. None quite intrigued me enough to sign on, so I took the consulting route instead. After several years of consulting, I finally and officially retired from the private sector Inmy son-in-law and I launched Olivio Premium Products, a line of products made from olive oil.
I finally faced the fact that I had flunked retirement. Today, I spend most of my time working with the Foundation, the Iacocca Institute, and other philanthropic endeavors.
Purchase a copy of my new book today and proceeds go directly to The Iacocca Foundation. Learn how you can get involved in EducationHealth Careand Energy.Lee Iacocca: Lee Iacocca, American automobile executive who was president (–92) and chairman of the board (–92) of Chrysler Corporation, credited with reviving the foundering company.
He notably secured the largest amount of federal assistance ever given to a private corporation at that time. Learn more about his career. Enjoy the best Lee Iacocca Quotes at BrainyQuote.
Quotations by Lee Iacocca, American Businessman, Born October 15, Share with your friends. Lee Iacocca is the former president of Ford Motor Company and Chrysler Corporation and a bestselling author.
He spends his time traveling, giving speeches, and supporting the Iacocca Foundation, which funds research for a cure for diabetes. May 11, was a very sad day not only for me personally, but the automotive world and all of Carroll Shelby's family and friends.
|Lee Iacocca | Biography & Facts | urbanagricultureinitiative.com||They operated a restaurant, Yocco's Hot Dogs.|
He was a fixture in . In a completely rational society, the best of us would aspire to be teachers and the rest of us would have to settle for something less, because passing civilization along from one generation to the next ought to be the highest honor and the highest responsibility anyone could have.
Growing up, our family lived in the steel making belt of Pennsylvania where my father opened and ran a hot dog restaurant that still stands today - Yocco's, which is how the Pennsylvania Dutch pronounced Iacocca.