WASHINGTON (CNN) - Former Chrysler CEO Lee Iacocca announced Thursday he's backing Democratic presidential candidate Bill Richardson for president, praising the New Mexico governor's "bold plans."
"Unlike others on the stump, he's offering bold plans, not just pandering talk," Iacocca said in a statement released by the Richardson campaign. "I like his jobs plan, his healthcare and energy plan, education plan and his plan to get us out of Iraq. I also just plain like the guy."
In the same statement, Richardson praised Iacocca as a man who "has lived the American dream."
"He went to school, worked hard, and, with a bit of luck, brought his creative ideas to fruition," Richardson added. "I am glad to have the support of such a legendary problem-solver."
- CNN Ticker Producer Alexander Mooney