Henry Ford II with Mazda was well developed even before the end of HF2's period of influence. However, in Iacocca's view, it lagged several years behind GM and Chrysler, due to Henry Ford II's unappealable influence, before others led it forward despite his resistance. HF2's management style caused the company's fortunes to fluctuate in more ways than one. For example, he allowed the offering of public stock in 1956, which raised $650 million for the company, but the "experimental car" program instituted during his tenure, the Edsel, cost the company almost half that. Likewise, HF2 hired the creative Lee Iacocca, who was fundamental
Ford Piquette Avenue Plant K; Henry Ford favored inexpensive cars, like the Model N. Once Malcomson was no longer part of the company, Henry Ford, now with uncontested control, focused the company's efforts towards making cheap cars exclusively. The success of the Model N made Ford Motor Company the largest automaker in the United States by the end of 1906, a distinction that it would hold for twenty years. In January 1907, in a room located on the Piquette Avenue Plant's third floor in the northeast corner, the design process began for the Ford Model T, the car credited with starting the mass use