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
Compact car not take easily to small cars." The U.S. market after World War II experienced growth in sales in standard-sized cars. By 1947, Chevrolet had prototypes of the Cadet, an economy car developed by Earle S. MacPherson. Ford also experimented with a "light car" and, unlike Chevrolet's Cadet, production ensued for the European market as a large car, the Ford Vedette. In 1950, Nash introduced a convertible Rambler model. It was built on a wheelbase to which a station wagon, hardtop, and sedan versions were added. Compared to European standards, they were large. Conceived by George W. Mason, the term "compact"