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 Model 48 Ford Model 48 The Model 48 was an update on Ford's V8-powered Model 40A, the company's main product. Introduced in 1935, the Model 48 was given a cosmetic refresh annually, begetting the 1937 Ford before being thoroughly redesigned for 1941. The 1935 Ford's combination of price, practicality, and looks vaulted the company ahead of rival Chevrolet for the sales crown that year, with 820,000 sold. The 1935 Ford was a thorough refresh on the popular V8-powered Ford. The four-cylinder Model A engine was no longer offered, leaving just the 221 CID (3.6 L) V8 to power every Ford car and