Former Chrysler CEO Lee Iacocca, who became a folk hero for rescuing the company in the '80s, has died at the age of 94.

Former Chrysler CEO Lee Iacocca, who became a folk hero for rescuing the company in the '80s, has died at the age of 94.

DETROIT -- Former Chrysler CEO Lee Iacocca, who became a folk hero for rescuing the company in the '80s, has died at the age of 94.