Large corporations have been in existence in the United States since before the founding of the country. Along with the huge amounts of power that come with big corporations, comes the t...
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...In 1971, the Ford Motor Company released the Ford Pinto as competition against Volkswagen in the small car market. Engineers conducting safety trials after assembly began, found that gas tanks on the new car would explode in a rear end collision. Ford ran a cost-benefit analysis and decided that it would cost the company less money to pay off the families of consumers who fell victim the flaw than it would to repair the issue and then spent eight years lobbying against safety regulations and legislation. When lawsuits started piling up over these issues, Ford thought for sure that a jury would buy into the doctrine that people cause car accidents, not cars (Dowie). Considering the company already owned a patent on a much safer gas tank, juries did not see Ford’s point of view and felt the company could have afforded to fix the issue before the cars’ release (Dowie).
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