Belt up and enjoy this 365-day ride as you cruise past the most momentous motoring events in history. Packed with fascinating facts about races, motorists and the history of the mighty engine, this is a must-visit web site for any car enthusiast.
After being fired from the Ford presidency, Lee Iacocca was elected chairman of the failing Chrysler Corporation. Despite dire predictions, Iacocca succeeded in rebuilding Chrysler through layoffs, cutbacks, hard-selling advertising and a government loan guarantee. Famous for his strong work ethic and no-nonsense style, Iacocca reduced his salary during Chrysler’s crisis years to $1 per year to set an example for the rest of the company. By 1983, Chrysler had moved from the verge of bankruptcy to being a competitive force, paying back all of its government loans in less than 4 years.