Lee Iacocca introduces the new 1965 Ford Mustang to the media in the Ford Pavilion at the 1964 World's Fair in New York.Automobile industry legend Lee Iacocca, who is credited with creating the iconic Ford Mustang and saving Chrysler from bankruptcy, died on Tuesday at the age of 94, US media reported.
However, he was accused of plotting against chairman Henry Ford II in a quest to reach the top company position. He had twisted the US congress's arm for the loan, and he successfully brought Chrysler back from the brink, then paid off the loan ahead of schedule.His famous line in Chrysler ads,"If you find a better car, buy it!", turned him into a legend.
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