SAN JOSE, Calif. - Four years after former Chrysler Corp. chairman Lee Iacocca cut ads supporting George W. Bush's election, he's switching alliances to presidential challenger John Kerry
Iacocca decided to announce his endorsement in person at a Kerry speech Thursday on creating high-tech industry jobs in Silicon Valley.
Iacocca, 79, gained a reputation as a champion of innovation within the automotive industry. He oversaw the development of the Ford Mustang in the 1960s and later the minivan and electric vehicles while at Chrysler Corp. He is the chairman and founder of EV Global Motors Co., a Los Angeles-based firm that designs electronic bicycles.
In a television ad that aired in Michigan during the 2000 campaign, Iacocca criticized Democratic presidential candidate Al Gore (news - web sites) on automotive issues, contending that Gore's environmentally "extreme ideas" could cost autoworkers their jobs.
Iacocca retired as chairman of Chrysler Corp. in 1992. He was president of Ford Motor Co. before joining financially ailing Chrysler in 1978.
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