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Old 07-03-2019, 02:42 AM
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Default Lee Iacocca

https://finance.yahoo.com/news/auto-...014806624.html
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Old 07-03-2019, 03:01 AM
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'

Definitely a major force in the auto world who affected all of us, whether we know it or not.
Wonder what his state of mind was recently and what he had to say about the auto industry of late?
RIP Lee

~ Pete

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Old 07-03-2019, 03:44 AM
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RIP Mr.Iacocca.You were an automotive giant!
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Old 07-03-2019, 04:43 AM
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A hero of mine! Great insight,great quotes. RIP Lee.
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Old 07-03-2019, 05:00 AM
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I have mixed feelings about Lee Iacocca. Definitely a driving force.

Supposedly, it was brought to his attention that the Pinto gas tank COULD explode in a rear end collision. The estimates to fix the issue range from $1 per car to $15 per car. Significant money spread over the 2.1 million Pintos sold (although, I believe post 1976, there were measures taken to avoid the explosions).

Supposedly (no recordings, only accounts) when presented with the evidence that they could make adjustments to make the cars safer at (pick your number $1 to $15), Iacocca simply said: "We will pay the claims". They ended up paying much more, not only in $$$, but in damage to the reputation.

If that story is true, that is a callous view of human life.
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Old 07-03-2019, 02:46 PM
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Yep. The number Iíve heard to implement the fix was $11/car.
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Old 07-03-2019, 06:26 PM
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Not many people outside of the industry know that the 1962-63 Thunderbird Sports Roadster was one of Lee's accomplishments.
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