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How much was a Ford Pinto in 1971?

The 1971 Ford Pinto had a price range of approximately $1,920 to $2,060 USD when new. It was designed to be a low-priced car to compete with imports such as the Volkswagen Beetle and Japanese cars. However, it is worth noting that the Ford Pinto had a flawed design that led to safety concerns and controversy [[9]].

How much was a Ford Pinto in 1975?

I paid $3,500 for my Ford Pinto in 1975. The average cost of a car now is $36,000.

How much was Ford sued for the Pinto?

Specifically, Ford’s accountants (or “bean counters”) determined the costs of fixing the design defect was greater than the costs of paying out expected wrongful death lawsuits. The jury awarded initially awarded $125 million in punitive damages and $2.5 million in compensatory damages.

How much did Ford lose because of the Pinto?

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.

Why did the Ford Pinto fail?

Originally Answered: What was the major flaw on the Ford Pinto in the 1970s? There were many of them, but the most critical problem was the unprotected fuel tank, which could explode when the Pinto was hit hard from the rear side.

How much did a 1974 Pinto cost?

The slushbox added a frightening $383 to the price of a $2,631 car in 1974 (that’s about $2,175 extra on a $14,955 car, going by inflation-adjusted 2021 bucks).

What was the worst car in 1971?

Ford Pinto (1971–80)
This presentation resulted in public outrage. Included on Time magazine’s list of the 50 worst cars of all time, Dan Neil wrote, “They shoot horses, don’t they? Well, this is fish in a barrel.

Did Ford know the Pinto was unsafe?

Thus, Ford knew that the Pinto represented a serious fire hazard when struck from the rear, even in low-speed collisions. Ford officials faced a decision. Should they go ahead with the existing design, thereby meeting the production timetable but possibly jeopardizing consumer safety?

How much was a Ford Pinto in 1970?

After structural design on alternate body styles encountered obstacles, Ford offered the Pinto solely as a two-door sedan, with entry-level models priced at $1,850, undercutting GM’s Chevrolet Vega and directly targeting imported models – which included such new competitors as the Mazda 1200 in 1971, the Subaru DL in …

Why was the Ford Pinto so bad?

The Pinto, a subcompact car made by Ford Motor Company, became infamous in the 1970s for bursting into flames if its gas tank was ruptured in a collision. The lawsuits brought by injured people and their survivors uncovered how the company rushed the Pinto through production and onto the market.

How much did a new Ford Pinto cost?

The Pinto was to cost less than $2,000 and weigh less that 2,000 pounds. During crash tests which preceded the introduction of the Pinto to the public, it became apparent that the vehicle had a dangerous design flaw.

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