Henry Ford over to his son Edsel Ford in December 1918. Henry retained final decision authority and sometimes reversed the decisions of his son. Ford started another company, Henry Ford and Son, and made a show of taking himself and his best employees to the new company; the goal was to scare the remaining holdout stockholders of the Ford Motor Company to sell their stakes to him before they lost most of their value. (He was determined to have full control over strategic decisions.) The ruse worked, and Ford and Edsel purchased all remaining stock from the other investors, thus giving the
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