 The legendary Ford Mustang, the first of the "pony" cars, was developed and introduced in 1964 under the guidance of Lee Iacocca (Lehigh Class of 1946), former general manager of Ford Motor Company's Ford Division.Still in production, the Mustang combined fun, performance and styling at a low price and had the most successful first year sales of any automobile.In its first two years of production, three Ford Motor Company plants produced nearly 1.5 million Mustangs, a record unequaled before or since.