The son of racecar driver Bob Holbert, who also ran a Volkswagen-Porsche dealership in Warrington, PA, near Philadelphia, Holbert worked for Roger Penske while studying at Lehigh University.
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That evening, Holbert was fatally injured when his privately owned propeller driven Piper PA-60 aircraft crashed shortly after takeoff near Columbus, Ohio when a clamshell door was not closed.