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) Ford Model A (1903–04) The original Ford Model A is the first car produced by Ford, beginning production in 1903. Ernest Pfennig, a Chicago dentist, became the first owner of a Model A on July 23, 1903; 1,750 cars were made from 1903 through 1904 during Ford's occupancy of its first facility: the Ford Mack Avenue Plant, a modest rented wood-frame building on Detroit's East Side. The Model A was replaced by the Ford Model C during 1904 with some sales overlap. The car came as a two-seater runabout for $800 or the $900 four-seater tonneau model with an option