Fog Blog Lee Iacocca Dead Log:

CEO AND ICON OF CHRYSLER THAT LEAD TO THE SUCCESS OF THAT COMPANY IN THE 80S AND REASON FOR THE DEVELOPMENT OF THE FORD MUSTANG....LEE IACOCCA HAS DIED AT 94......Auto industry icon Lee Iacocca -- forever connected to the Ford Mustang and former chairman of Chrysler -- has died ... according to a family source. A family member tells TMZ Iacocca passed away, but could not provide any further detail.Iacocca is credited with saving Chrysler from bankruptcy back in the 1980s ... and he's often referred to as the father of the legendary Ford Mustang. While he was always known within the auto industry ... he became a household name across America when he starred in a series of TV advertisements for Chrysler.