Goodbye Lee Iacocca and the Era When Car Business Was King

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Goodbye Lee Iacocca and the Era When Car Business Was King
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In Lee Iacocca’s time, Americans’ most prized possessions didn’t buzz in our pockets; they rolled up in driveways and fit in garages

Before Keith Krach was a Silicon Valley-billionaire-founder, he was a rising star in my hometown, Detroit, the Motor City.

The vice president of General Motors’ emerging robotics venture, he was a regular guest at the country club where the boss of his company, Roger Smith, and Chrysler’s Lee Iacocca hung out. Mr. Krach couldn’t help but think he was on track to be chief executive of GM, then among the biggest and most valuable companies in the world.

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