Iacocca FTW! Chrysler to honor former exec with rally

Lee Iacocca is a smart man. Father of both the Mustang and the minivan, the well revered auto exec was Chrysler's savior in the '80s. As such, the current Chrysler LLC will be holding a rally to honor its former patriarch on June 26th at its headquarters in Auburn Hills, MI. The rally will be attended by employees and Iacocca himself (no word on whether his BFF Snoop Dogg will make an appearance). Today's Chrysler, of course, bears little resemblance to the strong automaker helmed by Iacocca in the '80s. During the '90s, Chrysler followed its Big 3 brothers down a path of big pickups and SUVs for which now they are all paying dearly, and Iacocca made no bones about his feelings toward Daimler after the German automaker cut and ran away from their "merger of equals", saying in an interview with BusinessWeek last year that "Daimler screwed Chrysler royally." We can't help but wonder how the 84-year-old would run his old automaker today if given the reigns, but chances are he wouldn't want them if they were offered.
[Source: The Detroit News, Photo by Frederick M. Brown/Getty]

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