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1. Ford Pinto
Still the butt of jokes, the Ford Pinto is a classic terrible car. First manufactured in 1971, the Pinto had the distinction of bursting into flames during low-speed rear-end collisions—making it both a safety concern and the punchline of late night comedians everywhere. However, what really sealed the notorious reputation of the Pinto was a now-famous “memo” circulated within the Ford Motor Company that discussed a cost-benefit analysis that concluded it was more affordable to pay victim settlements related to the Pinto ($50 million) than to recall the cars and reinforce their rear ends ($120 million). The “Pinto Memo” as it came to be known became synonymous with callous corporate management decisions and bottom line accounting. A huge debacle any way a person looks at it.
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