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Lee Iacocca

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  • Has GM pulled a Pinto?

     Has GM pulled a Pinto?
    In the late 1960s, a charismatic vice president at Ford Motor Co. decided to bring out a low-priced car that could be produced for little money while bringing in huge profits. The executive's name was Lee Iacocca, and the Ford Pinto he championed became one of the most infamous models in U.S. automotive history. Why? Because to save money, Ford released a car that could explode in even low-speed rear-end collisions.
  • Philip Caldwell dies at 93; executive helped rebuild Ford

    Philip Caldwell dies at 93; executive helped rebuild Ford
    Philip Caldwell, Ford Motor Co.'s first chief executive officer who wasn't a member of the founder's family, and who gambled the automaker's future on the Taurus sedan in the 1980s, has died. He was 93. Caldwell died Wednesday at his home in New Canaan,...

    Carroll Shelby dies at 89; cult classic car designer

    Carroll Shelby dies at 89; cult classic car designer
    Carroll Shelby, the charismatic Texan who parlayed a short-lived racing career into a specialized business building high-performance, street-legal cars, died Thursday. He was 89. Shelby died at Baylor Hospital in Dallas, according to an announcement by...

    Iconic hot-rod company Shelby American driving in new directions

     Iconic hot-rod company Shelby American driving in new directions
    Twenty-one-year-old Taylor Dankel darts around a quick corner of the racetrack and buries the throttle. The supercharged, 650-horsepower V-8 in his father's modified 2008 Shelby Mustang GT500KR lets out a guttural roar. It's a scene that would have...

    Leo-Arthur Kelmenson dies at 84; adman helped save Chrysler

    Leo-Arthur Kelmenson dies at 84; adman helped save Chrysler
    Before advertising executive Leo-Arthur Kelmenson could ignite the media blitz in 1979 that helped rescue Chrysler Corp. from bankruptcy, he had to persuade the auto company's president to serve as pitchman. Lee Iacocca's response was as blunt as the ads...