18-01-2014, 07:49 PM
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#25
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FF.Com.Au Hardcore
Join Date: Apr 2006
Posts: 1,189
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Re: Vehicle Development Budgets
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From Wikipedia:
Quote:
Ford announced the end of the Edsel program on Thursday, November 19, 1959. However, production continued until late in November, with the final tally of 2,846 1960 models. Total Edsel sales were approximately 116,000, less than half the company's projected break-even point. The company lost $350 million, or the equivalent of $2,802,796,804 in 2014 dollars[7], on the venture.[8] Only 118,287 Edsels were built, including 7,440 produced in Ontario, Canada. By U.S. auto industry standards, these production figures were dismal, particularly when spread across a run of three model years.
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Big $$$ considering it was the '50s
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