Supercars play a volatile and ever-changing game of one-upmanship. With each new generation outperforming the last, it takes something truly special to endure the test of time. The Ferrari F40 is such an icon.
Jay Leno's Garage managed to pull a very special interview this week with Lee Iacocca, the legendary American businessman credited with fathering the original Ford Mustang and with bringing Chrysler back from the brink in the 1980s. The interview rehashes Iacocca's success with the Mustang and direct involvement with the creation of Carroll Shelby's first cars in the '60s. The video concludes with a walkaround and test drive of the Lee Iacocca 45th Anniversary Mustang, a (very) limited edit
With General Motors in bankruptcy, it was only a matter of time before pensions came under scrutiny. The Detroit News is reporting that GM CEO Fritz Henderson has confirmed that executive pensions beyond $100,000 per year will be cut by two-thirds. Recently defenestrated boss Rick Wagoner will likely take the biggest hit of all – he was supposed to receive $22 million over five years as part of his retirement package, but that number will reportedly drop by up to $15 million.
Bloomberg editors selected as the lede of a story yesterday about former Chrysler head Lee Iacocca the comment that Cerberus is doing the right thing with Chrysler, the AutoblogGreen audience might be more interested in something buried down at the bottom of the article. Iacocca made comments on PHEVs vs. hydrogen that are, for us, more interesting, no? Iacocca clearly took a stand on the future powertrain debate, saying that, "Plug-in hybrids: that's the wave of the future, not hydrogen." Unfor
Lee Iacocca has been an automotive icon for so long, it's hard to remember a time when he wasn't in the picture. He was at the apex of the Ford Mustang project, saved Chrysler from ruin, and lead the charge for the minivan. Those credentials have helped Iacocca sell some books over the years, and his new book, "Where have all the leaders gone" takes some big cuts at the leadership in the White House, and a few auto executives, too.