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 Y and in Germany as the Ford Köln from 1933 to 1936. Smaller numbers were assembled in Australia (where a coupé version was also produced), Japan, Latvia (branded as the Ford Junior) and in Spain nicknamed as the Ford Forito. Plans to build it in the U.S. were scrubbed when a cost accounting showed that it would only be slightly cheaper to build than the Ford Model B. The car was powered by a 8 (RAC)hp Ford sidevalve engine. The little Ford was available in two- and four-door versions. In June 1935, a reduced specification two-door model was the only closed-body