Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Lee Iacocca RIP
Old 07-03-2019, 07:12 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
DFW_M5's Avatar
 
Join Date: Sep 2003
Location: DFW
Posts: 5,500
Lee Iacocca RIP

Father of the mustang dead at 94. I remember when he used to do TV commercials, "if you can find a better car, buy it."
__________________

__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-03-2019, 07:20 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: Florence, AL/Helen, GA
Posts: 3,612
My brother in law once worked for Ford Marketing. Mr. Iacocca came to town for a regional dealer meeting and stayed in a luxury hotel. My brother in law's job was to sit in the hallway outside his hotel room all night long and keep the beer cold.

Mr. Iacocca was one of the old generation of industrialists, and a very strong character.
__________________

Bamaman is offline   Reply With Quote
Old 07-03-2019, 07:26 AM   #3
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 10,264
Great guy. Too bad there are fewer and fewer like him in this country.
__________________
Wear Italian, Kiss French, Drink Russian, Drive German
aja8888 is offline   Reply With Quote
Old 07-03-2019, 08:56 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,528
Quote:
Originally Posted by Bamaman View Post
My brother in law once worked for Ford Marketing. Mr. Iacocca came to town for a regional dealer meeting and stayed in a luxury hotel. My brother in law's job was to sit in the hallway outside his hotel room all night long and keep the beer cold.

Mr. Iacocca was one of the old generation of industrialists, and a very strong character.
Lots of petty stuff at Ford back in those days. When Henry Ford II decided to get rid of Iacocca, he was transferred to a non job and seated in an old warehouse rather than out right fired.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 07-03-2019, 10:12 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
DFW_M5's Avatar
 
Join Date: Sep 2003
Location: DFW
Posts: 5,500
Quote:
Originally Posted by travelover View Post
Lots of petty stuff at Ford back in those days. When Henry Ford II decided to get rid of Iacocca, he was transferred to a non job and seated in an old warehouse rather than out right fired.
And for his next act he brought Chrysler back from the dead.
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 07-03-2019, 04:15 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,528
Quote:
Originally Posted by DFW_M5 View Post
And for his next act he brought Chrysler back from the dead.
Chrysler's first government bail out.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 07-03-2019, 04:31 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Oct 2013
Location: Ojochal
Posts: 1,131
My FIL, after retiring from the Detroit P.D., became Lee Iaccoca's personal driver at Ford Motor Company. He always said what a great guy Mr. I was. Used to let FIL take the limo home with him on Friday afternoons after dropping Mr. I off at his home in Bloomfield Hills rather than have to drive all the way back to the motor pool garage in Dearborn.
__________________
“Every tick-tock is a second of life that passes by, that flees never to repeat itself. And it holds such intensity, such interest that the only problem is knowing how to live. May each person solve it as best they can.”

Frida Kahlo
candrew is offline   Reply With Quote
Old 07-03-2019, 04:48 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 22,704
Quote:
Originally Posted by travelover View Post
Chrysler's first government bail out.
I guess if you call a loan that is later fully paid back before it was due with interest based on the loan's contractual terms a bailout then you are right, otherwise.....
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Old 07-03-2019, 04:52 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,528
Quote:
Originally Posted by pb4uski View Post
I guess if you call a loan that is later fully paid back before it was due with interest based on the loan's contractual terms a bailout then you are right, otherwise.....
Yea, it was paid back and so was the second one . That doesn't mean the K car wasn't a POS.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 07-03-2019, 05:06 PM   #10
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 10,264
Quote:
Originally Posted by travelover View Post
Yea, it was paid back and so was the second one . That doesn't mean the K car wasn't a POS.
The K car was what was needed at the time. It was affordable, economical and gave Chrysler the revenue it needed to keep a lot of people employed. The Big 3 all made fairly crappy (by today's standards) cars back then. The K cars fit right in.
__________________
Wear Italian, Kiss French, Drink Russian, Drive German
aja8888 is offline   Reply With Quote
Old 07-03-2019, 05:44 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,528
Quote:
Originally Posted by aja8888 View Post
The K car was what was needed at the time. It was affordable, economical and gave Chrysler the revenue it needed to keep a lot of people employed. The Big 3 all made fairly crappy (by today's standards) cars back then. The K cars fit right in.
Uh, no. Even by the crappy standards of the time, the K car was extra bad. The customers did the final development testing.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 07-03-2019, 10:42 PM   #12
Thinks s/he gets paid by the post
Telly's Avatar
 
Join Date: Feb 2003
Posts: 1,646
After the Mustang, he took over the Lancelot program at Lincoln. The program's goal was to come up with a personal luxury car to rival the Cadillac Eldorado, which had come out in 1967. The work to date on the project was to do a disguised gussied-up T-Bird. Iacocca said that wouldn't sell as a true luxury car. Changed it all drastically, and the Lincoln Mark III (1969-71) was born, which was the first Lincoln to out-sell Cadillac. Also the first American car to have radial tires standard, rear ABS (really!), fiber optic tail lamp monitors, all sorts of stuff, including a fantastic high-compression 460 V8, with the bullet-proof big-block version of the C6 trans behind it. At the time, a good-handling and fast cruiser. The succeeding Mark IV and Mark V were sales winners, too.

The Dodge/Plymouth/Chrysler minivan was a real coup. The concept for a vehicle like that was something Iacocca had played with at Ford, but could not get Ford interested in the idea at all. So at Chrysler, he dusted off the idea, and used the K-car as the basis for it. The Chrysler minivan far outsold all the me-too competition for many years. And what the competition came up with was pretty poor for years. The Aerostar, the Astro, the Japanese short-wheelbase "delivery vehicles" with engines in strange places (Toyota, Nissan, Mitsubishi). Finally, after three generations of tries, Toyota finally came up with a worthwhile competitor, by copying the Chrysler minivan. Alas, Chrysler's quality on the minivans declined. To me, the 1996 redesign started that long slide downhill.
__________________
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
Telly is offline   Reply With Quote
Old 07-03-2019, 10:52 PM   #13
Thinks s/he gets paid by the post
timo2's Avatar
 
Join Date: Jul 2011
Location: Bernalillo
Posts: 2,003
Quote:
Originally Posted by travelover View Post
Lots of petty stuff at Ford back in those days. When Henry Ford II decided to get rid of Iacocca, he was transferred to a non job and seated in an old warehouse rather than out right fired.
Milton, we're gonna need to go ahead and move you downstairs into storage B.
__________________
"We live the lives we lead because of the thoughts we think" Michael O’Neill

"We can cannot compel others to do our will" Norman Goldman
timo2 is online now   Reply With Quote
Old 07-04-2019, 04:45 AM   #14
Full time employment: Posting here.
WestUniversity's Avatar
 
Join Date: Oct 2017
Posts: 503
Quote:
Originally Posted by timo2 View Post
Milton, we're gonna need to go ahead and move you downstairs into storage B.

Sounds like Office Space, “but that’s my stapler”!
__________________
Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought... - Bernard Baruch
WestUniversity is offline   Reply With Quote
Old 07-04-2019, 07:37 AM   #15
Recycles dryer sheets
 
Join Date: Nov 2016
Location: Fargo
Posts: 336
I don't read many biographies, but Lee's was a darn good read.

Quite the career and life. He didn't leave anything on the table.
bloom2708 is offline   Reply With Quote
Old 07-04-2019, 07:40 AM   #16
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 10,264
Quote:
Originally Posted by travelover View Post
Uh, no. Even by the crappy standards of the time, the K car was extra bad. The customers did the final development testing.
In case you haven't noticed, that's the way it is with all new models entering the market these days. Doesn't matter who makes them.
__________________
Wear Italian, Kiss French, Drink Russian, Drive German
aja8888 is offline   Reply With Quote
Old 07-04-2019, 09:30 AM   #17
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 2,209
Iacocca was a true car industry guy. Not the CEO swapped in from another industry (ahem, Ford). He was successful and did perform the lead role in turning Chrysler around. The K-car was not the bad car many here are making it out to be. It was the right car for the time and what Chrysler needed. The minivan variant was a game changer. I don't have the numbers, but I would guess that Chrysler still has the top spot in minivan market as far as sales.
__________________
The advice we're giving you is invaluable, that's why it's free
Experience is a good teacher, but the tuition can get expensive real fast

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is online now   Reply With Quote
Old 07-04-2019, 09:47 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,528
Quote:
Originally Posted by aja8888 View Post
In case you haven't noticed, that's the way it is with all new models entering the market these days. Doesn't matter who makes them.
Uh, no it is not. Having worked in the industry for a whole career, I can say that the amount of testing and development that goes into every component would amaze someone from the outside. That doesn't mean that there are never any problems, but considering the complexity of modern cars, it is impressive. Back in the 80's at bankrupt Chrysler, a lot of this testing was just simply not done. It was unfortunate but probably necessary to survive.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 07-04-2019, 09:52 AM   #19
Thinks s/he gets paid by the post
Mr._Graybeard's Avatar
 
Join Date: Apr 2011
Posts: 1,412
An old friend who's a go-kart enthusiast invited me out to the track he frequents a few years ago. He said the crew out there, a bunch of small-town kids with limited money, liked the turbocharged 4-cyl MoPar cars as cheap rides they could modify for performance -- apparently they'd crank up the boost without too much worry about longevity. Of course, these were cars that were already ~25 years old.
__________________

Mr._Graybeard is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
RIP Harper Lee Meadbh Other topics 2 02-19-2016 10:43 AM
Alvin Lee - RIP golfnut Other topics 31 03-07-2013 11:36 AM
Inspiring:Iacocca's Ideas on Retirement ferco FIRE and Money 15 07-30-2007 06:50 PM

» Quick Links

 
All times are GMT -6. The time now is 06:41 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.