Goodbye Lee Iacocca and the Era When Car Business Was King

Before Keith Krach was a Silicon Valley-billionaire-founder, he was a rising star in my hometown, Detroit, the Motor City.

The vice president of General Motors’ emerging robotics venture, he was a regular guest at the country club where the boss of his company, Roger Smith, and Chrysler’s Lee Iacocca hung out. Mr. Krach couldn’t help but think he was on track to be chief executive of GM, then among the biggest and most valuable companies in the world.

He was quite the guy. Took a chance rescuing Chrysler and succeeded. RIP, Lee. You made great contributions to America's auto industry.

In 1953, President Eisenhower nominated GM’s CEO Charles Wilson to be Secretary of Defense. When asked if he could make a decision adverse to the interests of GM, Wilson answered: “for years I thought what was good for the country was good for General Motors and vice versa.”

I never was a car person, but since Tesla my prized possession is a computer on wheels.

Beer fridges?

One of a kind!

Wow.. truth be told

Na in his day family mattered.

Did he kill the electric car?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Auto industry icon Lee Iacocca is dead at 94Iacocca led the turnaround of Chrysler and was closely associated with at least three iconic vehicles, including the Ford Mustang, the K-Car, and minivans. End of an Era: RIP Honestly had no idea he was still alive...Rest in Peace Lee The Mustang man what a visionary saved Chrysler's tail also RIP
Source: NBCNews - 🏆 10. / 86 Read more »