Lee Iacocca, Allentown Native And Founding Father Of Ford Mustang, Dead At 94
PHILADELPHIA (CBS) -- He was the Allentown, Pennsylvania native who fathered the Ford Mustang. Auto industry icon Lee Iacocca has died.
Iacocca dominated the industry as president of the Ford Motor Company in the 1970s.
He then helped save Chrysler as CEO and pitch man in the 80s. At Chrysler, Iacocca built the world's first minivan.
But he wasn't just a car guy.
He also wrote a best-selling autobiography and helped restore the Statue of Liberty. He was 94.
"Lehigh lost not only a great man but a great friend as well," said Lehigh President John D. Simon. "His dedication to Lehigh was unwavering throughout the years. His extraordinarily successful career served as an inspiration for generations of students. And, through his vision for the Iacocca Institute's Global Village and the Iacocca International Internships, Lee made it possible for the world to come to Lehigh and for our students to have life-changing educational experiences that prepare them to thrive on the world stage. He leaves a strong and enduring legacy at Lehigh."