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 A (1903–04) on the rear wheels. However, it was $150 more than its most direct competitor, the Oldsmobile Curved Dash, so did not sell as well. The company had spent almost its entire $28,000 initial investment funds with only $223.65 left in its bank account when the first Model A was sold. The success of this car model generated a profit for the Ford Motor Company, Henry Ford's first successful business. Although Ford advertised the Model A as the "most reliable machine in the world", it suffered from many problems common to vehicles of the era, including overheating and slipping transmission bands.