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How Lee Iacocca became an American icon

Auto industry icon Lee Iacocca, once one of America’s highest profile business executives and credited with rescuing Chrysler from near-bankruptcy in the 1980s, has died. He was 94. He was instrumental in the creation of the Ford Mustang and the Chrysler minivan. Iacocca’s youngest daughter confirmed he passed away of natural causes Tuesday. He is survived by two daughters and eight grandchildren. CNN business video.

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