Who was Iacocca, (connected wih cars)?
Asked by sitapati rao, 30 Jul '09 05:33 am
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LEE IACOCCA ,born Oct. 15, 1924, Allentown, Pa., U.S. U.S. automobile executive. He was hired as an engineer by Ford Motor Co. but soon moved to its sales department and was noted for his successful promotion of the sporty yet inexpensive Mustang. He rose rapidly, becoming president of Ford in 1970. His brash manner led to his dismissal by Henry Ford II in 1978. A year later he was hired by the nearly bankrupt Chrysler Corp. He persuaded Congress to lend Chrysler $1.5 billion in 1980 and carried out layoffs, wage cuts, and plant closings to make the company more efficient. He also shifted the company's emphasis to more fuel-efficient cars and embarked on an aggressive advertising campaign. Within a few years Chrysler was showing record profits, and Iacocca was a national celebrity with a best-selling autobiography, Iacocca (1984). He retired in 1992Answered by venkatesaldevarajan, 30 Jul '09 06:43 am
Lee Iacocca was CEO of ford motors. Later on he became CEO of Chrysler Corp and then one airlines also.Answered by Prashant, 30 Jul '09 06:30 am
"Lee" Iacocca was President and CEO in 1978 and then chairman of Chryser Corporation, famous for reviving this company. He is also an author of several books and wrote his autobiography which was so interesting.Answered by nargis bhambi, 30 Jul '09 05:49 am