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Lee Iacocca, creator of Ford Mustang and former CEO of Chrysler, has died at 94

July 3, 2019 / 10:19 AM / CBS/AP

Lee Iacocca, who created the iconic Ford Mustang and later in his career rescued Chrysler from bankruptcy, has died, his foundation and Ford Motor Company confirmed on Tuesday. He was 94. Iacocca's daughter told The Washington Post the cause of death was complications from Parkinson's disease.

"Lee Iacocca was truly bigger than life and he left an indelible mark on Ford, the auto industry and our country," said Ford executive chariman Bill Ford. "Lee played a central role in the creation of Mustang. On a personal note, I will always appreciate how encouraging he was to me at the beginning of my career. He was one of a kind and will be dearly missed."
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