Chrysler Corporation Chairman Lee Iacocca at M.I.T.
Chrysler Corporation Chairman Lee Iacocca delivers Commencement address to Massachusetts Institute of technology (MIT) on June 3, 1985, at the M.I.T. campus in Cambridge, MA. Iacocca told the graduates that the nation suffers from to national scandals, mortgage rates and an outdated foreign trade policy, saying jokingly that there were inheriting “A big mansion on a hill, but the problem is we haven’t paid for it yet.” (UPI Photo/mac/pool/Files)
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Understatement of the week:
Former Chrysler head Lee Iacocca, an iconic figure in Detroit's storied automotive past, endorsed Mitt Romney's presidential bid.
UPI Almanac for Monday, Oct. 15, 2012.
UPI Almanac for Sunday, Sept. 9, 2012.
UPI Almanac for Saturday, Oct. 15, 2011.
Car buff Jay Leno, racer Richard Petty and former Chrysler chief Lee Iacocca were honored before 570 gala guests at the Auburn Hills (Mich.) Chrysler Museum.
Former Ford Motor Co. President and Chrysler Group Chief Executive Officer Lee Iacocca has gone to bat for a Michigan museum, the Automotive Hall of Fame.
Bankruptcies at U.S. automakers Chrysler and General Motors Corp. will likely cost former executives at least part of their pension plans, the companies said.
Douglas Fraser, who led the United Auto Workers during the industry's bleakest years, has died at a suburban Detroit hospital at the age of 91.
UPI almanac for Monday, Oct. 15, 2007.
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