Unfortunate news comes to the automotive industry. Former Chrysler chairman and influential auto expert Lee Iacocca has passed away in his home in California at the age of 94 years old.

Iacocca is one of the most influential auto executives of the 80s and 90s. He had saved Chrysler from falling by securing federal contracts and spearheading a number of models afterward. He also led the acquisition of Ford in 1987 for a fraction of what the company is valued at today. And that was after being fired from Ford a few decades prior.

Iacocca was best known for his no-nonsense attitude toward business. He was often quoted as saying "If you can find a better car, buy it!" This demeanor proved invaluable to Chrysler and would solidify Iacocca as one of the most memorable executives in the industry.

Our condolences go out to the friend and family of Iacocca, as well as all of those affected by this.