Henry Leland created the Lincoln car company after leaving Cadillac. After World War I, during which the company made aircraft engines, they came out with the L-series. It was designed by Leland's son-in-law Angus Woodbridge, who had been a ladies' milliner, and the design was thought to be old fashioned. When it finally was produced, it hit hard times from the post war recession.
In financial trouble, Leland sold the company to Henry Ford in 1922 for $8 million, the amount determined by the judge presiding over the receivership Arthur J. Tuttle. Henry Leland valued the company at over $16 million. After a few months, Ford got rid of the Lelands and had his son, Edsel Ford, design a new body for the L-series. Edsel became President and Ernest C. Kanzler General Manager. Under Ford, the L-series was a robust car. In the first year, hydraulic shock absorbers were added. Edsel and Kanzler implemented production economies, trimming manufacturing costs by about $1000 per car.
In 1924, the L-series was given a newer look with such things as a nickel-plated radiator shell. 1925 is identified by the absence of cowl lights. Front and rear bumpers became standard. The smallest L-series was the 2-door, 2-passenger roadster. 1926 was basically the same except for some interior changes.
In 1927, the L-series got smaller wheels. Also, 4-wheel mechanical brakes became standard. All instruments were on an oval surface. A larger engine (though no HP increase) came in 1928. 1929 brought Safety glass and dual windshield wipers. 1930 was the last year for the L-series.