Car industry legend Lee Iacocca, who is credited with creating the iconic Ford Mustang and saving Chrysler from bankruptcy, died on Tuesday at the age of 94.
The business leader died at his US home in Bel-Air, a Los Angeles neighbourhood, from complications of Parkinson's disease, his family told local media.
Chrysler said in a statement that the company "is saddened" by news of Iacocca's death.
"He played a historic role in steering Chrysler through crisis and making it a competitive force," the statement read.
"Lee gave us a mindset that still drives us today - one that is characterised by hard work, dedication and grit. His legacy is the resilience and unshakeable faith in the future that live on" in the company's employees.
