How Much Money Did Ford Lose On The Pinto?

by | Last updated on January 24, 2024

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wishes he had stayed on the links. Last week, jury foreman Quinn read in state Superior Court here a verdict assessing $125 million in punitive damages against Ford in a case involving the rupour and explosion of the fuel tank on a 1975 Pinto.

How much did the Ford Pinto cost Ford?

Sales: 11 million cars, 1.5 million light trucks Unit cost: $11 per car, $11 per truck Total cost: 12.5 million X $11 = $137.5 million

What was the outcome of the Ford Pinto case?

In the Richard Grimshaw case, in addition to awarding over $3 million in compensatory damages to the victims of a Pinto crash, the jury awarded a landmark $125 million in punitive damages against Ford . The judge reduced punitive damages to 3.5 million.

Was the Ford Pinto a success?

Ford had adjusted to the demands of the time in creating a product that customers wanted — no small feat for an automotive incumbent. Sales were pushing past half a million per year soon after the initial launch, making the Pinto the best-selling vehicle in its class .

Did the Ford Pinto sell well?

The Pinto had sold over 100,000 units by January 1971 , and 352,402 for the entire 1971 production run; 1974 saw the most Pintos produced in a single model year, with 544,209 units.

What's the worst car ever made?

  • Triumph Mayflower (1949–53) Triumph Mayflower. ...
  • Nash/Austin Metropolitan (1954–62) Nash Metropolitan. ...
  • Renault Dauphine (North American version) (1956–67) Renault Dauphine. ...
  • Trabant (1957–90) Trabant P50 Limousine. ...
  • Edsel (1958) ...
  • Chevrolet Corvair (1960–64) ...
  • Hillman Imp (1963–76) ...
  • Subaru 360 (North American version) (1968–70)

Why did Ford stop making the Pinto?

In April, 1974, the Center for Auto Safety petitioned the National Highway Traffic Safety Administration to recall Ford Pintos due to defects in the design of the strap on gas tank which made it susceptible to leakage and fire in low to moderate speed collisions.

What is the ugliest car in the world?

  • Fiat Multipla. The original Multipla invented its own class back in 1956. ...
  • Rolls Royce Cullinan. As Chris Harris from Top Gear once said, there are far too many tasteless rich people for it not to exist. ...
  • Pontiac Aztek. ...
  • AMC Gremlin. ...
  • Nissan Juke. ...
  • Ford Scorpio mk2. ...
  • Lexus SC430. ...
  • Plymouth Prowler.

How much was a Ford Pinto in 1971?

A hatchback became available on February 20, 1971, debuting at the Chicago Auto Show. In 1971, the Pinto brochure came with a paper cutout Pinto that one could fold to make a 3D model. Marketed as the Runabout, the hatchback went on sale five days later, priced at $2,062 .

How much did a Ford Pinto cost in 1972?

The popular Ford compact Runabout models carried a base price of just $2,078 brand new.

Are there any Ford Pintos left?

Once among the most popular cars in America, the Pinto is an endangered species. Of the 3 million Pintos manufactured, experts estimate that fewer than 10,000 are still on the road .

Did Ford get in trouble for the Ford Pinto?

On June 9, 1978, Ford agreed to recall 1.5 million Ford Pinto and 30,000 Mercury Bobcat sedan and hatchback models. ... Ford Motor Co., made the automaker the first U.S. corporation indicted and prosecuted on criminal homicide charges . The Pinto case did more than enrich an army of lawyers.

What ethical issues did the product Ford Pinto violated?

Ford Pinto case raises moral issue regarding withholding information and ignoring human rights for the sake of earning profit . Pinto used the data from NHSTA to analyze the cost-benefit analysis, and they ignore the safety of their customers.

What is the best car ever built?

  • Ferrari F50. 203 likes for a timelessly beautiful car. ...
  • Porsche Carrera GT. Accurately described by one commenter as the greatest Porsche ever made. ...
  • Ferrari F40. Second Ferrari on the list already. ...
  • Eleanor (Mustang) ...
  • Fiat Multipla. ...
  • Audi RS2. ...
  • Alfa Romeo Tipo 33 Stradale. ...
  • Toyota Camry.

What used cars NOT to buy?

Model Year(s) to Avoid Chevrolet Impala 2011 Chevrolet Malibu 2013, 2016-2018 Chevrolet Silverado 1500 2015, 2017, 2019-2020 Chevrolet Silverado 2500 HD 2015, 2017

What is the best car engine ever made?

  • 1) Small-Block V8: Chevrolet. The iconic American V8 engine has been sold in more than 100 million . ...
  • 2) Flat 4: Volkswagen. ...
  • 3) Model T Engine: Ford. ...
  • 4) Fuhrmann Engine: Porsche. ...
  • 5) B-Series: Honda. ...
  • 6) XK6: Jaguar. ...
  • 8) 22R/R-E: Toyota. ...
  • 9) S70/2: BMW.
David Evans
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David Evans
David is a seasoned automotive enthusiast. He is a graduate of Mechanical Engineering and has a passion for all things related to cars and vehicles. With his extensive knowledge of cars and other vehicles, David is an authority in the industry.