Auto Industry Leader Lee Iacocca, Credited With Saving Chrysler, Has Died at Age 94 Posted byRosie Perper July 3, 2019 Leave a comment on Auto Industry Leader Lee Iacocca, Credited With Saving Chrysler, Has Died at Age 94 He is best known for helping launch the Ford Mustang in the 1960s and for reviving Chrysler under his leadership and saving it from bankruptcy in the 1980s.