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
Edsel Ford In 1932, he had an aluminum, boat-tailed speedster automobile custom designed by Ford's first designer, E. T. (Bob) Gregorie and featuring Ford's brand-new V8, the first low-cost, eight-cylinder engine. This car was sold at an auction during the Amelia Island Concours d'Elegance in 1976. After becoming the president of Ford, he long advocated the introduction of a more modern automobile to replace the Model T, but was repeatedly overruled by his father. Dwindling market share finally made introduction of a new model inevitable: the Model A. During the design of the Model A in 1927, Henry Ford assured mechanical quality